Can an investor register themselves as a business?
I am confused[confused2] as to how we (as investors) can claim most of the costs a business can claim,yet not be actually “registered” as a business,& not have to do BAS’s etc.
However,I see that there could be advantages if we could. (such as claiming back all gst we pay on building costs)
Any thoughts??That’s really got me thinking now![blink] I had wondered whether it would make me more of a target for our mates at ATO,but wondered whether the benefits would outweigh the neg’s?
Did you end up closing that business,or do you now send in $0 balnce BAS’s ??[confused2]with the GST – it may be great to claim the GST inputs, but as soon as you sell or put the asset into productive use you will have to pay it all back, so it’s really only a cashflow/timing issue.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
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