GST Issues for People Buying and Selling Property/Property Traders

By on September 8, 2011 in Accountants

GST Issues for People Buying and Selling Property/Property Traders Whilst it has almost been six months since the new zero rating provisions for land transactions came into force, at GRA we are still seeing quirks and issues emerge as practitioners and property traders / investors come to grips with the new rules.  In today’s article I want to examine two scenarios that those of you who are property trading should be wary of. Scenario One In scenario one a property trader has identified a potential trade property that is on the market for $200,000 including GST (if any).  The trader[...]

Read the full article here: GST Issues for People Buying and Selling Property/Property Traders

About Matthew Gilligan

Matthew is a Chartered Accountant and has been practising since 1992. Since GRA's inception, the company has grown exponentially in staff and services offered. His division specialises in an asset planning process which involves designing asset ownership structures to deal with protecting assets, estate planning and tax minimization goals collectively. Matthew has been involved in asset planning and property market for over 16 years. Visit: www.gra.co.nz
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