GST Margin Scheme – Worked Example – GST Payable
Joanne Black, a property developer, bought land in May 2015 (Post GST Start 1st July 2000) for $300,000 and constructed a house on it. In March 2016, she sold the house and land for $1,100,000. Joanne was registered for GST and incurred the following costs: Land at cost $300,000 (including all
14 November 2016