GST and Small Scale Property Development

GST and Small Scale Property Development

The most common questions the Tax Technical team receives at Tax & Super Australia relates to the GST implications of small property developments.

Questions asked include:

  • If I am demolishing a house and building a new one for investment or sale, should I register for GST?
  • How does the margin scheme work when you are building a new property?
  • What happens if there is a subdivision and there is to be two newly constructed properties? One property is for private purposes and the other is to be sold.
  • When is residential property "new residential property" for the purposes of the GST law?
  • How does the "5 - year rule" work?
  • What is commercial residential property?
  • At what stage does a property development constitute an "enterprise".
  • If I am constructing new residential property for sale, do I need to register for GST?
  • Does the way I treat a property development for GST purposes have any implications for how the property is treated for income tax and CGT purposes?
  • What happens if my client changes their intentions in relation to the property?  For example what if they intended to sell a newly constructed property and then they decide to rent out the property?
  • When is a renovation a "substantial renovation" such that new residential premises are created?
  • My client is going to make input taxed supplies of residential rent  over $75,000, should they register for GST?
  • What is the ATO's thinking in relation to small scale property development and GST?
  • and more...

This webinar will answer these questions.  Webinar participants will be able to download the full Tax & Super Australia "In Depth" topic notes in PDF format as well as the presentation slides accompanying the webinar.  The "In Depth" topic notes will cover more than what is discussed in the webinar presentation.


21/04/2020 12:30 PM - 21/04/2020 1:30 PM
Online, Australia

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