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Developing as a Business. Income Tax, CGT & GST
what period of time would you consider holding to exempt you from the additional tax please?- Belu
- Post #12
- Forum: Accounting and Tax
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Developing as a Business. Income Tax, CGT & GST
my understanding is you get one go at it. if you intend to develop and hold, its ok. if you develop and sell - its a business and GST and business tax (either sole trader or company tax) applies.- Belu
- Post #9
- Forum: Accounting and Tax