Have I got this correct? -Bob inherits a property that was never used to produce income (was PPOR) --He lives in it, establishes PPOR ---He moves...
Looking for an understanding, not advice. Running quick numbers on a dual occ side by side development in melb. The original house was always an...
Hi all If I have always been receiving residential rental income, understand that this income does not attract GST and any expenses etc can be...
Good evening We have built a second house on a block we bought about 10 years ago. The original house has always been rented and stilk is The new...
Hypothetical and more related to purchasing/sellling than actual taxation Build a dual occupancy (detached) with subdivision and live in one as...
Hi Team, My GST registered trust has purchased a vacant block of land from an individual. I am now selling that land to a SMSF. At the time of...
We have a Company car bought and registered under the Business for $60+k.. Been paying FBT each year faithfully. Business is now sold and the car...
Hi everyone, I am looking at an investment purchase of a residential house in NSW. The vendor is a company (Pty Ltd) acting for a discretionary...
Hi, A relative is selling their PPOR to a developer who will rezone & create a retail development. The relative’s solicitor has reviewed the...
Good afternoon We have put a query into our accountant but just wanted to check with this group too. We have set up a family trust with a...
Related party transfers can affect GST claims down the track. Example Homer operates a discretionary trust which acquires a property. The trust...
In 2018 new laws came I which may require purchasers of new residential property to withhold GST when they pay for the property and to remit this...
I just purchased a property for $1,240,000 in Adelaide. I’m taking out an investment loan for $740,000 and will be subdividing and demolishing...
If I build a PPOR and decide to sell it within the first 5 years, is GST applicable on the sale? If so, does that mean I can claim back the GST on...
I bought a residential block.of land with intent to build home. I don't own any other property. Covid struck, building costs went up (original...
The Taxation Administration Act of 1953 (TAA) imposes a liability on the purchaser of residential property, in certain situations, to withhold GST...
if you purchase a commercial property and pay GST on it, and then claim the claim that GST back against purchases for some small works on the...
This is an unusual one. If you, an individual, have one or more residential properties which you rent out, you could apply for an ABN even though...
I'm buying a property which generates enough income to be required to register for GST. I'm buying the property in trust using a corporate trustee...
Background Situation: We purchased a house in Brisbane on a block suitable for subdivision, removed the house, subdivided 1 into 2 lots and...
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