23 February 2018
If the total income from your property development activities is more than $75,000 per year and those activities are regarded as an 'enterprise', you may need to register for GST.
Your activities may be regarded as an enterprise if, for example, you buy vacant land to subdivide with the intention to sell at a profit, or you develop new residential premises and sell them. Even a one-off property transaction may be an enterprise.
Property can be:
When working out your income (turnover) for GST, you do not include:
How to register for GST
You can register for GST:
Media: GST registration and property developmenthttp://tv.ato.gov.au/ato-tv/media?v=bd1bdiunnj8bs8External Link(Duration: 00:38)
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