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  1. westminster

    Developers - CGT on a Dev

    Well you only pay stamp duty on buying then if you are a developer you don't pay 2 (CGT) you pay Income Tax or Company Tax as well as GST if it's less than 5yrs post build. I agree that stamp duty is a burden that should have been capped or scrapped as it's 5% hinderence for everyone to buy.
  2. westminster

    Developers - CGT on a Dev

    Very true words Paul. People also can't assume because something is in personal name or they don't do it very often or it's under a certain amount doesn't make them a developer either. I have a mixture of investments plus developments so it gets a little tricky but I aim to always stay on...
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