All Topics / Legal & Accounting / GST or CGT????

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  • Profile photo of fredo_4305fredo_4305
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    @fredo_4305
    Join Date: 2009
    Post Count: 336
    October 19, 2010 - 7:07 am

    So many ins and outs and so confusing?? Which is better small developments……

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 19, 2010 - 10:13 am

    Its not a matter of one or the other but both!

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of ducksterduckster
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    @duckster
    Join Date: 2004
    Post Count: 1,674
    October 28, 2010 - 8:20 am

    If you are doing renovations and not doing what the ATO terms as substantial renovations then CGT will apply only.
    If the renovation is deemed substantial then GST is also involved.

    I am mentioning renovations because you may have meant this form of active investing as a type of development but on a small scale. (it is not really development but some people may think it is )

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