Hi Doug,

I suggest you need to be a lot more specific about your requirements to get a better response. Are you searching for taxation advice? Are you after investment structuring advice? Generally, the more specific you are with your question the better answer you will receive.

Just because I am an accountant I would like to point out to…[Read more]

Hi Juvanix,

There seem to be logic errors in your original explanation. I am not sure if this is my confusion or your misunderstanding of the facts. See if you can follow my logic. This is the statement I have a problem with:

"-Purchase property in June 2009, under a unit trust structure, registered for GST, sale was through a 'mum and dad'…[Read more]

Are you registered for GST? Are you part of the Margin Scheme? Is this a one off subdivision and sale? If so, perhaps you could consider applying for a private binding ruling about GST on the sale of the subdivided block. I went through the same exercise and the fact that I had the private binding ruling stating that I was not in the Margin Scheme…[Read more]