Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic. If you don't have an account, you can register here.
All Topics / Legal & Accounting / GST on sale – Removal home/repairs
I purchased a removal house, had it placed in storage, subdivided a block from an existing block we owned and then moved the house onto this newly created block. We had the place repainted inside and out, a carport built as an extension of the patio, plumbed, a driveway built, electricity connected to the house, the roof tied down in accordance with decision notice of council along with the reconfiguration of the handrails/ballustrades of the patio.
The title of the property is held in a Unit Trust and the unit holder is a trustee company of which we are directors. We have a family trust beneath the Unit Trust. The Unit Trust is not registered for GST.
Am I liable for GST on the sale of this property?
Regards
Mark
You must be logged in to reply to this topic. If you don't have an account, you can register here.
Step 1 - 0% Complete
Step 2 - 50% Complete