With any property development being undertaken, there are a number of issues which need to be addressed to ensure the outcome is the best possible. A major item in this is attending to the raft of taxation issues impacting on the development. Working with many clients over a number of years, we have built up a considerable expertise in this complex area. Key Issues Some of the issues that need to be considered in property development: Is the property pre Capital Gains Tax? Does or can the margin scheme apply for GST? Is the development going to be completed over a number of stages? Is the developer going to retain one or more of the developed properties at the completion […]
