Renovating for profit tax – HELP PLEAS

Hi everyone,

I am new to the property investment arena and would like some help on the following.

I am trying to establish whether it will be profitable to buy, renovate and sell ASAP. With this type of strategy there are many high transaction costs, mainly taxes. (Stamp duty, CGT, GST).

I am aware if it is my PPR for 12+ months I can sell tax free. The interest cost in this situation will be high as it needs to be hold for 12 months. This cost outways the tax benefits and therefore I have decided to complete and sell ASAP (1-2 months).

I would like to know if anybody has any ideas on how to reduce my tax liability. Possibly through a company or trust structure?

I am also unsure how the GST side of thing works and if it it necessary to pay this?

Any help on this will greatly be appreciated.

Thanks for your help in advance