Why simple GST treatment of real property is important

The GST treatment of real property is well known for its exemptions. In this article the operation of the GST system in the European Union is discussed as an example in which real property is treated in a complex way with many different exemptions. The GST system used in the European Union is then compared with a simpler GST system, the New Zealand system. Through the use of this comparison it is explained that it is best that the GST treatment of real property is administered in a simple way with few exemptions.