Did You Know That if You Sell A New Residential Property You May Have To Register For GST?
Let me clarify the scenario: Mr Gump is not a business owner but an employee. He purchases a piece of land and then commissions a developer to build one or more residences on it, which he then immediately sells with the intention of making a profit. You might think that this is a private transaction and therefore has nothing to do with GST, but BE CAUTIOUS. Surprise Surprise! Regulation defines … Continue reading Did You Know That if You Sell A New Residential Property You May Have To Register For GST?
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