I know this is a common question but I think my situation may be slightly different. I bought a property 10 years ago and immediately set about...
Hi I'm hoping to get some insight on the GST requirements in commercial property. 1) what determines if you need to charge GST on the Rent 2)...
Hi all, Just a question regarding how you calculate GST on the sale of a house which is 2 years old? Is it based off build cost ? Is it GST...
Hi PropertyChat People I recently purchased a property for investment reasons and before I can rent it, the renovation bill has come to the...
I am a builder, set up as a sole trader, registered for GST & I purchased house in my own name. I have just completed my first flip. I don't need...
Its Friday afternoon. HKYB and Commissioner of Taxation (Taxation) [2018] AATA 4770 HKYB and Commissioner of Taxation (Taxation) [2018] AATA 4770...
Hi I'm stuck on the ATO merry go round website - have followed all their prompts regarding registering for gst. My little small business - I have...
Hi all, If I purchase a property with the sole intention of subdividing into a triplex site and selling all 3 properties as soon as they are...
Hi all, A friend and I are debating GST on property. He bought a property a couple of years ago as his PPOR. Him and his partner have lived in...
Hi all, I am undertaking a retain and build subdivision of a site owned by myself and my wife and looking to create the new vacant lot in my name...
Hi All, I have a general understanding of how both GST & CGT applies to developing property, etc., but have a query for those that have a bit...
Igor owns a vacant block of land located in the Mornington Peninsula. The land was purchased in 2009 as an investment property. As Igor...
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...
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