You'd possibly have to be living under a rock to not be aware that Australian and foreign investors have had something of a love affair with property since the GFC, particularly in its capital cities.
However, following a decade of historic growth, many property investors seeking the gains from property aren't paying enough attention to their potential tax obligations.
In this month's issue, we look at three key issues: Flipping property for a profit, a new register for foreign investors, and when GST is applied to certain property transactions.
As always, if you have any queries, contact our team on 9957 4033.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.