All Topics / Help Needed! / GST

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  • Profile photo of lance_pictonlance_picton
    Member
    @lance_picton
    Join Date: 2005
    Post Count: 6
    April 17, 2006 - 5:15 am

    At what point should an individual register for GST.

    1, 10 or 100 properties.

    Does anyone know

    Regards Lance

    Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    April 17, 2006 - 5:20 am

    No need to unless $50k of profit per year is reached.

    CATA
    Asset Protection Specialist
    [email protected]

    Profile photo of lance_pictonlance_picton
    Member
    @lance_picton
    Join Date: 2005
    Post Count: 6
    April 17, 2006 - 5:59 am

    Thankyou Cata for that.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 17, 2006 - 6:59 am

    Cata,

    Hate to contradict you but registration has nothing to do with your profit level.

    Registration is required if your Annual Turnover is $50,000 or more or unless your Annual Turnover is less than $50,000 although you elect to register anyway.

    Richard Taylor
    Residential & Commercial Finance Broker
    **Lodoc Commercial loans from 7.19%**
    Licensed Financial Planner
    http://www.yourstatefinance.com
    [email protected]
    Ph: 07-3720 1888

    Richard Taylor | Australia's leading private lender

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