I am newbie and just wondering when buying a new commercial garage (because the owner is retiring), what more expenses will I occur if I am not yet GST registered? How does the GST margin scheme works? Also, does anybody have any website that compares various interest rates for commercial properties[biggrin]
Help much appreciated.
Want to join financial independence before 31 years old, currently 25
Hi,
This is quite a specific question and it would be wise to pay for some professional advice.
in the meantime I suggest you read the following two resources from the ATO:
and
How does the margin scheme apply to supplies of real property acquired on or after 1 July 2000?
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
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