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GST on Property

Thinking of buying and selling property for profit? 🏡

You may need to register for GST (even if you’re not in business) if:
• the turnover from your transactions is more than $75K
• your activities are regarded as an enterprise.

 

GST on property transactions

Thinking of buying and selling property for profit? 🏡You may need to register for GST (even if you’re not in business) if:• the turnover from your transactions is more than $75K• your activities are regarded as an enterprise.For more info, visit www.ato.gov.au/business/gst/in-detail/your-industry/property/gst-and-property/?page=2#Property_and_registering_for_GST

Posted by Australian Taxation Office on Monday, March 11, 2019