I'm looking into the feasibility of doing my first subdivision project in NSW. How do you calculate the GST and CGT payable? High-level scenario:...
Hi All, Playing around with theoreticals atm, i'll outline the scenario below. Barney starts a property developing company and purchases a...
Hi there, After struggling to find an old building to do a knock down and rebuild on, I'm considering the option of buying vacant land for...
Where property is a ‘taxable supply’ GST applies to the sale or transfer. GST is worked out by multiplying the sale price by 1/11th. This mainly...
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...
Many budding developers see that GST is payable on their new dev and seek to avoid this by choosing to retain the property for 5 years to rent and...
The ATO have updated their website to better assist in providing information about how GST applies to property transactions. GST may generally...
Hi guys, I got a question about free rent a room to my friends for one year. They didn’t pay anything ( including rent, bill, food) and they...
Hi all. I am a self employed tutor who earnt 90k this year and have just advised by my accountant that I need to pay GST. Of course I knew it...
With regards to GST 5 year rule for new residential premises, does 5 year rule only apply to rent? I understand that one exemption is rent out...
Looking to purchase a property in Victoria (over 100 acres). No dwelling (just a shed). Property has been owned by the vendor for the last 16...
Hi everyone, I have been following this forum with great info available. This is my first post hopefully can get some advise. Myself and my...
Hi. I'm registered for GST on my ABN as I do a bit of uber driving. I've recently accepted an offer on an IP. Will I need to pay GST on the sale?
Hi all, I have a scenario that I’m a little unclear on my exact options. Looking to purchase a site that will split into 3 blocks to then on...
Hi Guys, I am looking at renovating a property in Brisbane, raise and add a bedroom. Are there any tricks of the trade to set up finances? I...
Jv incorporated in Vic – running the development project. 4 trusts set up in Vic in JV partnership Developed 7 Th’s out of which 3 are sold and...
Jv incorporated – running the development project. 4 trusts in JV partnership Developed 7 Th’s out of which 3 are sold and the partners are...
We are looking at a block of three units. Our plan is to holiday let them. Is this a commercial residential premises (subject to GST) ? Ive...
Hi, Thanks in advance as I am sure this has been asked before. We complete in a month's time on a house that sits across two lots. We are...
Western Sydney home transformed in less than a year - realestate.com.au A great example of an isolated profit making enterprise. Subject to...
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