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We have recently developed a method which we use with our property developer clients to ensure they meet the various GST and other tax requirements on their development activities.
The Tax office has found that a lot of property developers are "missing the boat" on numerous aspects of the GST in particular. As a result of this, the Tax Office is increasing its audit activity in this area. It is therefore essential that your planning PRIOR to commencing development has been fully attended to.
There are a number of opportunities for ensuring compliance with the legislation which can deliver some taxation savings to developers provided that proper planning is undertaken.
If you would like to discuss the opportunities available, please do not hesitate to contact us.
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