When subdividing a block of land, including the block on which you currently reside, there are many tax matters to consider.
One of which is whether or not you are required to register for GST.
The below ATO link details some items to consider when subdividing land including whether GST is required.
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
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