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All Topics / Legal & Accounting / Margin Scheme specific to this?
Hi
I’m hoping to get a little clarification on this.
I purchased an investment property a few years ago (resi – no margin scheme/gst on contract)
Now subdividing into 2 vacant land lots and 1 house lot.
Can I apply the Margin Scheme on the sale of all 3?
Cheers
M
I will point you to the ATO guides which I am also perusing for same purposes.
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