HI v BC Ltd [2024] NZDT 198 (28 March 2024) [pdf, 102 KB]
...the sale of her bakery business was as a going concern and was zero-rated for GST, and b. If BC Limited signs and returns the tax invoice by the specified date, BC Limited need not pay the amount ordered in Order 1. Reasons: 1. On 1 April 2023, HI sold her bakery business to BC Ltd. She says the sale was supposed to be as a going concern and therefore zero-rated for GST purposes. However, she says BC altered the written agreement to record that the sale was not as a going conce...