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I had the same experience as you did Bonner with both HSBC and Citibank. They just were not interested because I had a poultry $20K to deposit
What opportunities does the situation in Greece, Spain, Ireland etc…… present in terms of property investing within those countries?
HI Matt,
If you settle on 24th March, quarter finishes 31 March. 3rd quarter ends 31 March with any payables due to be paid usually by third week of following month. If you are getting a refund it makes sense to complete BAS form and lodge as quickly as possible. If you have a payable, complete the BAS and lodge on the due date.
You would be wise to discuss this with an appropriately experienced accountant – he would be in the best person to advise you with the best information for your particular situation.
I set up a discretionary trust when I purchased my property and have since discovered that it would have been better to set up a company rather than the trust. Ah. . . Hindsight is a wonderful thing!
Bon Chance
[exhappy]
Hi MattJones,
My understanding re commercial properties is, if the property is vacant then GST is applicable and payable, if not, it is perceived to be a “going concern” therefore GST does not enter into the buyingprice at all.
Therefore if GST is payable on a vacant property, and if you are able to negotiate settlement at the end of the quarter, you will not be out of pocket for very long when you submit your BAS.
The % refund depends on what other GSTable incoming and outgoings you have. If you have no income at all you will receive the entire amount of GST paid out.
Bon Chance.[exhappy]
