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I don't quite follow you MTR. If you claim GST from the ATO during the build phase is'nt that money coming in and so improving your profit in the trust up to that point? I don't see how you can avoid reporting a loss if you are halfway through a build at financial year end. You'll have large...

My accountant has told me different. Apparently you can claim the GST credits during the build phase which helps the cash flow of the project but if you hold the end product and don't sell then you need to repay those GST credits back to the ATO. You would revalue the finished development and...