GST for secondhand goods
Yes, you can claim GST input under secondhand goods. A GST credit on secondhand goods can be claimed only if:
- The goods will be used for making taxable supplies
- The goods are in New Zealand
- The supply is by way of sale
- Payment has been made during the relevant taxable period
However, secondhand goods credit is not available if the previous seller has claimed an input tax credit on the good.
Section 2 of the GST Act 1985 states the definition of secondhand goods which is not including livestock or goods made from “fine metal”.
Disclaimer: The following answer necessarily sets out general principles only. The facts of particular cases always need to be considered carefully, and it may be necessary to obtain advice from a tax expert.
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