by Garry Wolnarek | 27 Feb 2022 | Accounting / Bookkeeping, NDIS SDA GST Free, Property Advice, Property Taxation, Small Business
National Disability Insurance Scheme What is the NDIS / SDA? NDIS The National Disability Insurance Scheme is a Federal Act developed in 2013 to allow people with a disability to exercise choice and control about matters that affect them- such as their housing....
by Garry Wolnarek | 14 Dec 2019 | General, Property Advice, Property Taxation, Tax Planning
Recently the ATO has publicly advised of a number of instances whereby property developers were jailed for GST and tax payable on property flipping.One, in particular, involved a Victoria woman who has been jailed for 2 years and 10 months for GST fraud of $1.7...
by Garry Wolnarek | 29 Jan 2019 | Property Taxation, Tax Planning
A luxury property developer who caused a loss of $3.4 million to the Commonwealth through GST fraud has been sentenced to six years’ jail after an ATO investigation. Mr Ensor’s conviction came after an ATO investigation found he had structured his companies to...
by Garry Wolnarek | 11 Sep 2017 | Property Taxation, Tax Planning
GST Margin Scheme for Property Developments Under the margin scheme, GST is calculated on the sale as 1/11th of the margin. The margin is the GST inclusive sale price less the original purchase price, whereby previously GST was not able to be claimed. Unit Development...
