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  1. PMMELB

    Development 3 Townhouses - Margin Scheme

    According to the ATO website: Using the margin scheme when you sell property If you sell property as part of your business and you are registered for GST, you may be able to use the margin scheme to work out how much GST you must pay. Whether you can use the margin scheme depends on how...
  2. PMMELB

    Margin Scheme - 3 Townhouse Development

    Hi All, Just got a few queries in regards to Development and the Margin Scheme. After days and days of looking at ATO websites and forums, I still haven't got a clear idea of the Margin Scheme. Any chance you guys could assist? 1) Do I need to purchase the property under the margin scheme...
  3. PMMELB

    Development 3 Townhouses - Margin Scheme

    Hi Aaron. So in effect, buying the land on a margin scheme is not a requirement to use it along the way, if you want to claim back the GST on the construction?
  4. PMMELB

    Development 3 Townhouses - Margin Scheme

    Hi All, After days and days of looking at ATO websites and forums, I still haven't got a clear idea of the Margin Scheme. Any chance you guys could assist? Scenario: -Planning an acquisition of a free standing residential property on separate title. 3 Bed, 1 car single storey. -The...
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