GST is about to have its 20th birthday having been introduced into Australia on 1 July 2000. For the majority of
accountants and tax practitioners, GST issues in relation to real property transactions have, undoubtedly, been those
that have created the most difficulties. Although most of these issues have existed since the introduction of GST, they
continue to challenge tax practitioners. This is particularly so in relation to small-scale property development.
Many Australians have seen a path to increased wealth through small-scale property development. By this I mean
such things as:
These issues create particular problems under the Australian GST law due to the small scale of the operation. With
large-scale operations, the GST issues can, in fact, be easier on which to advise.
At Tax & Super Australia, we receive many calls in relation to the GST implications of small-scale property
development. The purpose of this paper is to discuss some of those issues and, to the extent that it is possible, to
provide guidance in relation to those issues.
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Content: 39 pages
Author: Tax & Super Australia
These notes were just the best I've seen in a very, very long time — David Krunic, DKP Chartered Accountants
I like the new notes. A lot of diagrams for the cases, easy to read and straight forward — Weiya Mao, Nicol & Nicol
The detail is fantastic — Jo Sampson, Accountant C
I found the notes outstanding — John van Delft, Taxkare Pty Ltd