99% of GST is very simple, you just divide your income or expense by eleven and that is the GST you owe or have as a credit. The 1% of GST which is not simple can be extremely complex and potentially very costly.
GST Margin Scheme
How does GST apply to the sale of real estate, particularly to a developer or builder? The concessions and reductions which exist are not granted automatically, they need to be specified in the documentation of transactions. Planning and proper documentation are essential or the GST will be overpaid. PKF can help you structure transactions to legally minimse the GST which is applicable by ensuring that available elections and concessions are secured; we can work with your solicitors to ensure that documentation is consistent with the strategy which has been worked out.