Tax with Max: Property developments and taxes

Property developments and taxes payable, and applying for the age pension before December 31, 2014

Summary: Property developers can be subject to both capital gains tax and goods and services tax (GST). But CGT can be minimised if property is held for a minimum of 12 months, while GST can be reduced or eliminated if property is rented out for five years.

Key take-out: If developers intend to sell off the plan, or immediately on completion, GST would be applicable on the selling value. However, developers can claim all of the GST included in the goods and services paid during the building phase.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles