Hi tax experts,
We built and moved into current PPOR for less than 3 years but due to situation change will need to
fast track the “down sizing” process and planning to sell up the place and move on.My accountant mentions that GST paid for the construction may be refundable. Is this true?
How about other misc costs that may form part of the cost base, like legal (for checking builder
contract), architect fees, civil engineerings, town planning, landscape work, arborist report etc
that have GST component to it?Thanks,
FXDAre you registered or required to be registered for gst and conducting an enterprise?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Are you registered or required to be registered for gst and conducting an enterprise?
No I am not registered for GST. We didn’t know anything about it at the time when we built and selling
this soon was not part of the plan to begin with.Thanks,
FXDConsider then if you are required to be registered
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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