Property Development Business or Capital Gains

Australian Tax Office Property Development Business or Capital Gains
 

PROPERTY DEPRECIATION REPORTS FROM $385*

Competitive Prices, fast turnaround, accurate depreciation schedule. All prices GST inclusive (lower price condition applies)

The Australian Taxation Office (ATO) provides guidelines on tax obligations and entitlements related to property development, building, and renovating. Key areas include:

  1. GST and Property Development: You may need to register for GST if your property transactions exceed the registration threshold or if your activities are classified as an enterprise. GST is applicable on property sales, but GST credits can be claimed on construction costs.
  2. Reporting Requirements: Businesses in building and construction must annually report payments to contractors.

For more detailed information, visit the ATO website.

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