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Thanks once again for the help Paul and everyone else, learning a lot here and really its just common sense and don't screw with the ATO. MTR:)

Yes, your right, really did not make sense to me, basically you are claiming GST and then holding all the stock, nice if you could, but who wears it when you are audited, wont be the accountant that is for sure.

Have 3 villas to be completed in January 2015. Considering selling 1 and holding 2. Friend in similar scenario however she is holding all of her villas - her accountant advised to claim all GST on completion and if end up selling any of the remaining villas before 5 year cut off just...