QUOTE(samkps @ Dec 17 2014, 12:43 PM)
Key point here: "The classification of type of building is determined
by the condition of use as stated or to be stated in the document of title.
Problem now - SOHO, SOVO, SOFO should follow title or condition of use? Office or home?
I think my previous statement say SOHO is exempted is wrong.
The supply of land and building used for commercial, administrative and industrial purpose such as shop lots, office, retail business, small office home office (SoHo), small office virtual office (SoVo), small office flexible office (SoFo), factories, hotel, motel, inn, hostel and warehouses is subject to GST.
The classification of land and building is based on the usage at the condition as below:–
(a) The actual use of the property, design features and the essential characteristic and attributes of the property.
(b) In the case of newly completed property which has not been used, the sale of the property will be based on the design features and the essential characteristic and attributes of the property.
© Vacant / bare land to be treated based on usage according to the title.
(d) Change in use of the property such as change in used of residential house to be converted to commercial premise is subject to standard rate based on the following:
(i) The premise is registered with the relevant authorities;
(ii) The owner himself applies for change of use; or
(iii) Evidenced by the sales and purchase agreement