GST & Property
To help individuals, businesses and organisations involved in property development understand and comply with their taxation obligations. Property transactions can be complex. To support taxpayers, the ATO has developed a range of publications that: • outline the various goods and services tax (GST) treatments on property acquisition, development and disposal. • can assist taxpayers and developers meet their taxation obligations and can be accessed on our website at www.ato.gov.au To help you to determine property related GST obligations, refer to the GST and Property Guide on the Australian Taxation Office website.
The link address is: http://www.ato.gov.au/businesses/content.asp?doc=/content/00198744.htm