jwt replied to the topic gst in the forum Value Adding 20 years ago
The Margin Scheme
This is the key. The greater the val on your land the less GST you pay. Have your land re-valued for Margin Scheme purposes when you are ready to commence – this means that it may well be valued far above what you paid for it. This represents a way to reduce the GST component of the final sale.Also, dont forget that the GST…[Read more]