Need help on tax for new townhouses: can anybody please tell me how is tax calculated on the townhouses that we build and sell. For example: i have a block of land and if i construct 4 town houses and sell them individually so is tax applicable on the profit made and if so how is it calculated. your advice will be greatly appreciated.
Need help on tax for new townhouses: can anybody please tell me how is tax calculated on the townhouses that we build and sell. For example: i have a block of land and if i construct 4 town houses and sell them individually so is tax applicable on the profit made and if so how is it calculated. your advice will be greatly appreciated.