Q: The question is about whether GST applies to a payment made when a commercial lease is terminated. The landlord paid the tenant $15,000 because they needed the space for their expanding business. The payment was meant to cover the cost of the tenant moving out, but there's no paperwork specifying its purpose. If inducements for entering a lease attract GST, does this payment also attract GST?

Q: Two directors/shareholders want to transfer plant and equipment to their company through loan accounts ($100,000). Can they gift these assets to the company instead of creating loans for themselves? If yes, how should this be recorded in the accounts, and are there any tax implications?

Q: A client owns a bed-and-breakfast (B&B) business with four adjacent properties used for guest accommodation. The business makes $200,000 a year. They want to sell the business and properties for $1.6 million ($1.5 million for the properties and $100,000 for the business). Will this sale be subject to GST? Can they get an exemption for selling the business as a "going concern" because the properties are essential for the business?

Q: Brenda and Derek, Australian residents, sold their real estate investment in April 1997, which they bought in 1965 for $2 million. They split the proceeds equally and invested in shares on 11 November 1997: