I purchased a removal house, had it placed in storage, subdivided a block from an existing block we owned and then moved the house onto this newly created block. We had the place repainted inside and out, a carport built as an extension of the patio, plumbed, a driveway built, electricity connected to the house, the roof tied down in accordance with decision notice of council along with the reconfiguration of the handrails/ballustrades of the patio.
The title of the property is held in a Unit Trust and the unit holder is a trustee company of which we are directors. We have a family trust beneath the Unit Trust. The Unit Trust is not registered for GST.
Am I liable for GST on the sale of this property?
Regards
Mark
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