Are you subdividing or developing your property?
Many people are now asking themselves do I just sell, improve or develop?
If you are looking at developing, subdividing or are in the midst of a development, there are a few tips and traps that you should be aware of:
Practical examples on when activities may be on revenue account and the income tax and GST issues that arise.
- What can you do to stay inside the flags?
- Mitigation strategies when swimming outside the (capital) flags.
- What happens when it goes wrong?