Property Investment
Construction, Subdivision & GST
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We have spent most of the last 40 years working closely with Builders and Construction. Capital Gains tax laws introduced in 1985 changed the outcomes for many property investments and developments.
GST laws introduced in 2001 brought about further considerations whether you were operating as a building or subdividing or constructing as part of an investment or home strategy. GST withholding rules introduced on 1 July 2018 forced many previously “under the radar” builds into the forefront. New subdivisions and new builds. With those changes structuring arrangements pre subdivision, margin scheme clauses and general planning has become more important than in years past.
The Main Residence Exemption, taken by many as a home owners right, has also come under spotlight as not an absolute right but “based on the facts and circumstances”.
At Hellyer Wood, we have extensive experience in planning, advising and implementing appropriate strategies and advice as well as dealing with accounting, taxation, and where necessary, ATO audit of these arrangements. In this area significant differences can be achieved in taxation outcomes by following the legal options and getting the transaction set correctly from the start. No matter what stage of the development you may be up to, there are still steps that may be followed to create a best outcome.
