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This was his response to my question about GST Annexure "I recommend that on all offers, that is either purchase or sale, that if margin scheme is being used, that the annexure is completed at offer time. Offer needs to be accepted on understanding that margin scheme is being applied...

Hes a pretty big commercial developer. This is what he said. If the intention is to sell the developments, then you will be entitled to claim GST on construction costs, but on the sale of the properties, GST will also be payable. If you intend to keep development ( or part of) then the...

Accountant said i needed it when purchasing if i want to claim GST during development.

I will I do enjoy the mind games and lies these agents play. First offer fell through due to due dilligence not stacking up as the buyer wanted to retain but now im told it fell through due to finance Also the offer i want to put in is too low and theres a lot of interest and people are...

Im going to buy a dev site and my accountant recommended that i get a signed GST Annexure form when i put in my offer. Is this a seperate form that the RE agent will have with him do we simply write on the conditions of the contact "Subject to margin scheme"?