You can’t use the margin scheme:

• if you purchased the property as fully taxable and the margin scheme wasn't used
• if you weren’t registered or required to be registered for GST at the time of your sale
• for sales on or after 17 March 2005, if you

    * purchased the property as fully taxable and the margin scheme wasn't used
    * inherited the property from a person who wasn't eligible to use the margin scheme
    * obtained the property from a fellow member of a GST group who wasn't eligible, and they purchased it from an entity that wasn't a member of the GST group
    * were a participant in a GST joint venture and obtained the property from the joint venture operator who purchased the property through an ineligible sale.

• if you're selling property originally purchased, or entered into a contract to purchase, on or after 9 December 2008 and the
    * entity you bought the property from wasn't eligible
    * property was purchased as part of a going concern
    * property was purchased as GST-free farmland
    * property was purchased from an associate for no consideration (no payment).