Forums / Getting Technical / Finance / Profit calculator

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  • Profile photo of AwolAwol
    Participant
    @awol
    Join Date: 2017
    Post Count: 1

    Hi,

    Im mid way through a subdivision development of several townhouses. I realise it isnt straight forward, but can anyone point me to a profit calculator that considers GST, CGT basics (etc).

    ta

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    It is not very straightforward because GST may or may not apply, or apply in part. If a development CGT won’t apply at all, but it will be income tax on the profits (not capital gains).

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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