so from what i've been reading, if you build a brand new property and sell it, then the price you sell it for will include gst ? is that correct ? So i guess this is not a big deal as you will be claiming gst on the building materials to build the house. But still a factor in makign a profit from developing.
and gst is payable if you sell it within 5 years of renting it out ?
so does that mean that if i buy i brand new property then i can claim my gst back, assuming it is for investment and not ppor ? guess i never really thought of that as i never see gst inclusive on the housee prices. But if that is so, then i can effectively get a 10% discount if i buy brand new ???
and gst is payable if you sell it within 5 years of renting it out ?
so does that mean that if i buy i brand new property then i can claim my gst back, assuming it is for investment and not ppor ? guess i never really thought of that as i never see gst inclusive on the housee prices. But if that is so, then i can effectively get a 10% discount if i buy brand new ???
