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...
Hi members, The concreter quoted $24,500 + GST to do plain concreting & gravel rocks for my IP's back lawn, area 180sqm. When I checked up on...
Good afternoon My partner and I are intending on purchasing some vacant land to subdivide and on sell in Qld in the REIQ contract it asks if the...
Hi, I am looking for some guidance on working out whether GST Margin Scheme is available, or whether need to add GST to purchases etc etc....
Sometimes people build with the intention of selling the properties they have developed. When a property is sold by a developer GST will usually...
Hi everyone, Say you buy a vacant block of land and build a new residential dwelling on it under your personal name. Say also that the purchase...
John owns a commercial property & is GST registered. John's previous managing agent didn't charge GST to his tenant on top of the council & water...
Homer buys some land from Ned who sold it to him as an input taxed supply – no GST. Price was $400,000 Homer spends $800,000 constructing,...
Hi, I was hoping to get a better understanding on a situation that I am in at present. We purchased a property in July of 2017 (which is when it...
Hypothetical scenario, and I know it can be complex and require specific advice, so I will keep it generic. You buy a PPOR with a big backyard...
Hi all, We're looking to invest in NDIS property by engaging an SDA. We've created a company to facilitate the investment. I understand that the...
Hi team, One of our companies is about to purchase and allotment and “owner build” a house on the property. The entity is registered for GST. We...
Bob got a second opinion (well actually in this case it probably wouldn't have been positive if it was Bob). Advice from another accountant said...
I have been on the very edge of bankruptcy for several years now. Covid just stalled it for an extra year. I would like to file in the next...
Hi All Currently Building 3 villas, will be holding all. Therefore will not claim GST on build costs However, is this correct if I decided to...
Hi everyone, I'd like to ask if I buy an old house, knock it down, build a new one, live in it, and sell it within 5 years. Would there be any...
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