Many thanks for your considered reply.   I'm seeking advice from my accountant.

eddiec wrote:

robertsp wrote:
Advice welcome. If I was to buy a block of land and engage a builder to build a 2 Unit Duplex, will I be required to pay GST on the sale of the Units?.  I am an individual PAYE tax payer and not in the business of developing. 

The law looks at your intention, ie, whether you are buying a capital asset as a lon…[Read more]

Terry many thanks.  I'm seeking advice from my accountant.

Terryw wrote:
That is a difficult question. I think it comes down to when you sell and your intention. New property is supposed to attract GST on its sale – but I think the land portion will be GST exempt because it is not new. However, if you were to rent them out for a while and then sell, they will no longer be new and therefore GST may not…[Read more]