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  1. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1.1.1.2.1.1.1.1 From: Dale Gatherum-Goss Hi Susan No, assuming your rental income comes from houses, and not shops, or factories, you will not be required to register for GST, or charge it to the tenants. This is regardless of your income level. Dale
  2. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1.1.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Sim No, residential IP's do not count in the $50k limit. However, non residential Ip's will such as commercial properties. So, if you have rental income of $60kpa, you do not need to register for GST and may not even need an ABN unless you...
  3. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Sim They're two different issues. Every business needs an ABN - regardless of it's income. If the income is above $50k, then you must register for GST whilst, you if your income is below $50k, you have the choice as to whether or not to...
  4. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1.1.1.2.1.1 From: Dale Gatherum-Goss HI Felicity They can be one and the same. Dale
  5. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1.1.1 From: Dale Gatherum-Goss HI Watto Believe it or not, they are two different things. An ABN is required for every business regardless of whether you are registered for GST, or not. If you do not acquire an ABN, the people who pay you are required, by law, to withhold 48.5% of...
  6. DaleGG

    GST issues with wrapping / renting to buy

    Reply: 1 From: Dale Gatherum-Goss Hi Susan No, there are no GST issues involved in wrapping unless you are playing with new homes. You will need an ABN though. Good luck Dale
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