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So you’ve found a great doer-upper on a huge block. With a touch of know-how, and plenty of hard work, a property renovation or development can be a great way to make some cold hard cash. Without the correct project structure though, any “profits” can quickly find their way to the tax man. Let’s consider the Goods and Services Tax (GST) implications in this scenario (we will discuss income tax in a future post).
Read MoreThe government has introduced new legislation which brings forward the collection of GST on the sale of new residential premises or new residential subdivisions, effective 1 July 2018.
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