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thanks paul I will contact you thanks peeps for the help ta

Using the margin scheme when you sell property If you sell property as part of your business and you are registered for GST, you may be able to use the margin scheme to work out how much GST you must pay. Whether you can use the margin scheme depends on how and when you first purchased...

just waiting to hear back from her in the mean time I was trying to source my own info to cross reference with you guys on the forum

we havnt had contracts drawn up yet as im waiting on clarification on this first but we go to auction in about 3 weeks so Im trying to sort out whether I can apply it or not ta

thanks paul I have paid my current accountant money for this information and a projected tax and gst costs etc but she seems to think that I cant apply the margin scheme but I was under the impression that we bought house off lady no margin scheme applied to us then we knocked down...

sorry to hijack old thread but my scenario is bought site of lady she didn't apply the margin scheme to me for sale of land 2013 I build duplex on site 2015 sell both units at sale contract can I apply the margin scheme to the purchasers of the my new units thanks indvance