GST is a cost consideration in any property development activity, particularly for developments incorporating residential lots. Where the GST margin scheme applies, the GST on certain taxable supplies of real property is calculated on the ‘margin’.
As purchasers are generally not registered for GST and are unable to claim input tax credits, maximising the use of the GST margin scheme can directly improve the net profit.
After this webinar, you will be able to:
This webinar is highly recommended for:
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.