Related party transfers can affect GST claims down the track. Example Homer operates a discretionary trust which acquires a property. The trust...
Hi Team, I have purchased some vacant land and will soon developing it by building on it. My accountant has advised that this is trading stock,...
Hi, Can someone pls help me understand how Margin Scheme Tax vs GST is calculated by a developer for a residential development? Is there a...
Hi there Can I develop a property in the name of a company and claim back GST paid during construction ? I understand that I will have to pay GST...
Apu was concerned as he sold some vacant land and didn't realise he needed to pay GST on the sale. He hadn't put in writing that the margin...
Hi I’m new to this forum, so please be nice. I am looking at a Contract of sales in front of me for the state of Victoria.The seller is a...
Sellers of residential premises and residential land need to take immediate action to be ready for the new GST withholding regime commencing on 1...
Hi All This was proposed last year and is ready to go to be voted on in parliament, but not yet passed. Buyers of new residential property...
Hi, I'd appreciate peoples thoughts on this strategy prior to getting professional advice. I'm interested in a vacant block that has plans and...
Hello all, i am just looking for some advice. I have just signed a contract to buy an already subdivided block of land from a vendor that is not...
I'm just wondering where you draw the line on claiming GST on capital costs during a development? I've knocked down a house on two lots and will...
Hi all, A GST question for the tax experts.. How is GST treated if a site with an existing dwelling is sold (at or near original acquisition...
If Bill bought a block from Alice for $1m, built two townhouses on the block for $600,000 plus GST of $60k, and subdivided it into two equal...
Hello all, A complex question for those in the know... FACTS: my recently widowed mother and my aunty (her sister) would like to live next door...
Hi Everyone, I know this has been answered a few times but wanted some thoughts Situation- Location: NSW We currently have a Family Trust &...
Don't assume GST doesn't apply The AAT has held that 4 properties sold by a taxpayer (a sole trader property developer) were new residential...
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