Where property investors are concerned, Australian Tax Law is complex and constantly changing.  In addition, the GST environment, where applicable, places considerable emphasis on compliance and lodgement deadlines.

Our team members undertake extensive training to keep abreast of developments and we provide a comprehensive accounting and taxation service to assist both investors and developers with their compliance obligations.

Generally, unless you are a property developer where special rules and GST obligations vary, residential property is ‘input taxed’ which means that you do not charge GST on renting or selling a property OR claim GST credits on rental expenditure or purchase costs of a property.

In most circumstances, GST only applies to the purchase of new homes and not established homes. It is imperative to seek accounting and legal advice prior to the signing of a contract of sale, so call us now to protect your interests and unnecessary costs.