Property development guide part 10 - Assessing your development's feasibility
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Property development guide part 10 - Assessing your development's feasibility
In this article, Bryce Yardney, Property Development Specialist at Metropole, talks us through the feasibility of a development project and whether or not to pursue it. Undertaking a property development requires many months of preparation before you actually get to see your hard labour bare any fruit.
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Property development can be profitable, but your tax outcome depends on your strategy. Develop to sell and you’ll deal with GST on both costs and sales. Develop to hold and rent, and GST rules change, plus the structure you choose will impact your tax rate. Decide your approach before you start, because you can’t switch halfway through. #tax #accountant #property #development #gst #foryou #explorepage | Chris Charlton CA
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