GST Margin scheme guidance enhanced after user mistakes
If you sell or develop the property, you may be eligible to use the margin scheme, reducing the amount of GST payable on some property transactions.
However, the ATO says it has noticed errors in the two key parts to the margin scheme that taxpayers must get right – eligibility and calculation.
It has therefore improved its web content, which includes new videos, updated examples, and a link to the GST property decision tool
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