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Flipping your block - renovating and redeveloping property

So you’ve found a great doer-upper on a huge block. With a touch of know-how, and plenty of hard work, a property renovation or development can be a great way to make some cold hard cash. Without the correct project structure though, any “profits” can quickly find their way to the tax man. Let’s consider the Goods and Services Tax (GST) implications in this scenario (we will discuss income tax in a future post).

Property, GSTJames Hoeft4 February 2020capital gains tax, CGT, property development, input-taxed, margin scheme, GST act