Thanks for your input as well, Richard.  I'm going to talk to a knowledgeable accountant to find out more about this grey area, so that we can work our strategy within the rules to avoid the GST issueRegardsDavid.

Thanks for your reply JeffI certainly will seek the advice of an accountant on this topic, now that you've confirmed that there certainly is an issue here to be resolved.  I just wonder how many other people buying then substantially renovating a property with the view to then selling it (as distinct from a minor refurbishment) are aware of this…[Read more]