Published on 18 Sep 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Holdings of real estate may be developed and sold as a large or smaller number of parcels of land or by constructing residential or commercial buildings thereon raising income vs capital issues and GST issues. Some of the developed property may be retained for investment or residential purposes. This presentation gives an overview of the income tax and CGT issues and GST registration requirements of isolated property developments.