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  1. MTR

    Equity vs Developments

    I have 3 projects on the go at the moment in various stages all purchased in my Trust, this is my first year as a developer. My trust is showing a loss ie holding costs of these sites etc. If I claim GST in quarterly instalments for example, it will not necessarily show a profit in my...
  2. MTR

    Equity vs Developments

    I think this is correct, however I chose not to do this and to claim GST and the end of each development because otherwise I will be showing a loss in my trust. Selling at the end of each project and then claiming GST keeps my figures nice and clean and shows profits which is what I need when...
  3. MTR

    Equity vs Developments

    Also, another item which has not been mentioned when developing as a business an accountant worth his salt will set up a structure where you will have a project management company to offset tax, so it can get creative to reduce tax etc. This can also work the other way this company can be used...
  4. MTR

    Equity vs Developments

    Yep, that makes sense, also its new product and all the benefits that come with this.
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