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  1. Propertunity

    Developing as a Business. Income Tax, CGT & GST

    The OP said he wanted to make a business out of it: ......so if his intentions are clear at the outset, then I think he has a good chance of the land being classified as 'trading stock', which was his original Q.
  2. Propertunity

    Developing as a Business. Income Tax, CGT & GST

    Terry, I would have thought this makes it reasonably clear? yes/no? :)
  3. Propertunity

    Developing as a Business. Income Tax, CGT & GST

    Yes Yes The sale of new property needs to have GST collected on it. Julia Hartman from Bantacs is good on this stuff. www.bantacs.com.au
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