Hi all
I'm soon to start building a duplex. While I would like to keep both, things can change. It is my understanding from my accountant that unless I claim the GST credits as I go, AND if I decide to sell I will never be able to recover this.. So I need to be registered and claim the GST
But if I do decide to keep them as a long term investment, I just need to repay the GST credits claimed? Can someone please explain what happens if I claim the GST credits and then decide to hold the investment long term.
Thanks
Grimey
I'm soon to start building a duplex. While I would like to keep both, things can change. It is my understanding from my accountant that unless I claim the GST credits as I go, AND if I decide to sell I will never be able to recover this.. So I need to be registered and claim the GST
But if I do decide to keep them as a long term investment, I just need to repay the GST credits claimed? Can someone please explain what happens if I claim the GST credits and then decide to hold the investment long term.
Thanks
Grimey