Search results

Thanks Paul. That's what I get for ringing the Tax Office and getting verbal advice (which I've done specifically in relation tho this very issue in the past). Cheers,

This goes back to "intention". If it was your intention to sell on completion, then you claim GST credits during the construction. If it was your intention to hold for 5 years as rentals, then you don't claim GST credits during the construction. The area becomes misty, when you build with the...