Margin Scheme Eligibility: A Complete Guide
A developer signs a contract expecting the GST margin scheme to apply. The price reflects GST on the margin, the buyer's settlement statement follows that assumption, and everyone expects the transaction to complete without drama. Then the conveyancer notices that the contract never records the parties' written agreement, or the prior acquisition may have been […]
Accounting for Property: Australian Tax Guide for Investors
You bought the property, settled the loan, found a tenant, and started collecting rent. Then the accountant asks for the original contract, renovation invoices, valuation at the date you moved out, loan statements, and a record showing which rooms were private and which produced income. Most owners discover too late that accounting for property isn’t […]
