All Topics / Legal & Accounting / to register trust for GST or not?

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  • Profile photo of andrew8andrew8
    Participant
    @andrew8
    Join Date: 2002
    Post Count: 21

    I’ll be using a discretionary trust with corporate trustee to invest in property.

    Starting from nil. Expect to make both rental income and capital gain income as a result of purchase/reno/sale.

    Don’t expect to exceed $50k rental income anytime in the near future. Does capital gain count toward the $50k amount above which an entity is required to register for GST?

    Would like to canvass facts and opinions on whether or not is better to register the trust for GST.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I beleive if your trust is just involved with rental property, then there is no need to register for GST.

    Terryw
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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