Search results

Reply: 1.1.1 From: Dale Gatherum-Goss Hi Serge! The land is ignored and does not form part of the "cost of construction" at all. So, when the Certificate of occupancy is available, we get the builder to provide the details of the cost of construction excluding things like his profit margin...

Reply: 1 From: Dale Gatherum-Goss Hi Eddy! This exact issue has been addressed in the courts lately (last 12 months) and it was decided that no, in this instance, the interest has more to do with building the units than generating an income from them. Therefore, the interest would be added...