GST & Neighbourly Property Developments

Find out about the GST implications of two neighbourly property development scenarios that are becoming increasingly common, illustrated with case studies and calculations.

In this session, we cover:

• Scenario where you ‘create’ a neighbour - by knocking down your existing home, dividing up your land to build 2 (or more) properties

  • Introducing Sam & Sally

  • GST basics

    • Enterprise

    • Registration threshold & registration

    • Input tax credits

    • Supply

    • GST payable & margin scheme

• Scenario where you ‘join forces’ with a neighbour - combining your land and building multiple properties

  • Introducing Sam & Sally… & Dan Pty Ltd​

  • GST basics

    • Entity, Partnership & Joint Venture​

    • Real property

    • Supply & Acquisition

  • Variations to Scenario 2

  • Being ‘neighbourly’

Date recorded: 13 August 2024