Join Australia's most dynamic and respected property investment community

Do I pay GST?

Discussion in 'Accounting & Tax' started by dan2101, 28th Jan, 2016.

Tags:
  1. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    391
    Location:
    NSW
    Hi people,

    General question. If I purchased a block of land, built my brand new PPOR on it, moved into it for just over one year then sold it (didn't end up liking the suburb etc) am I liable to pay GST because it's a new house sold within 5 years?

    Thanks

    Dan
     
  2. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    391
    Location:
    NSW
    Thanks Paul!