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First off, you should get advice from your own accountant. However, there is a potential to not have to charge GST if the sale of the property is a "mere realisation" of a capital asset. This comes down to your intention for the property originally. As you purchased the property to be a...

I recently saw client who had to repay the FHOG. She purchased a property out of town and worked in the city. The commute was long but she liked the fresh air. Being young and single she didn't spend much time at home and the sweet old lady next door loved to cook for her when she was home...

I have been a long-time lurker but never posted anything as I have let Alysha & Pat be the GGA "faces" here but I feel strongly enough about this thread to have to put in my two bobs worth! Some of you have already pointed this out but there is no ONE answer for property, or business ownership...