Property Development

A development project's nature — commercial or residential — and its purpose — held for rent or built for sale — bring different tax types and lodgement processes, such as the Margin Scheme and capital gains tax deductions. When knocking down a former main residence, subdividing land and rebuilding for sale, you also need to plan in advance which legal entity to use to achieve the best tax outcome. Developers/sellers may also be subject to buyer withholding such as GST Property Withholding or Foreign Resident Capital Gains Withholding. For all of this, we provide professional advice tailored to each project, helping you clarify deductible development costs and the tax payable and refundable.