Guide to property

Goods and services tax

Many people are actually carrying on an enterprise when making property transactions but do not register for GST when they are required to do so. Even with a one-off transaction you may still be required to register for GST because your one-off property transaction may be an 'enterprise'.

If you are engaging in an enterprise you may be required to register for GST and have entitlements and obligations.

Once you are registered for GST, you will need to include GST in the price of goods you sell and you will be able to claim credits for the GST included in the price of most of your business purchases - subject to normal GST rules. You will also need to report these transactions by completing an activity statement.

	For more information, refer to: Guide to GST - Registering Property development, building and renovating.
	If you are unsure whether your subdivision transaction is a profit-making activity, a business, a commercial transaction or none of these, you can write to the ATO and request a private ruling to determine your tax position.
	Property - home

Sections within Subdividing

• Capital gains tax
• Goods and services tax