Life Interests Testamentary Trusts

SUBDIVIDING LAND? YOU MAY HAVE TO PAY GST

When subdividing a block of land, including the block on which you currently reside, there are many tax matters to consider.

One of which is whether or not you are required to register for GST.

The below ATO link details some items to consider when subdividing land including whether GST is required.
 

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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