Property Developments
We work with a lot of builders and property developers and can help you manage the intricacies and nuances of the industry
Margin Scheme
Eligible property sales can use the margin scheme method when calculated how much gst is payable. Therefore only paying GST on the difference between the sale and purchase price (the margin) instead of the full sale price resulting in a consideration reduction in GST payable.
GST Withholding at Settlement
Purchasers are now required to withhold a prescribed amount on the purchase of new residential properties or land from a GST registered business, and pay directly to the ATO. These funds will be held in a separate withholding account and paid to your Integrated Client Account when you submit your bas for the period that includes the settlement.