Navigating Commercial and Residential Real Estate Transactions

Navigating Commercial and Residential Real Estate Transactions

Have you ever wondered whether selling your property could result in a Goods and Services Tax (GST) liability? For those involved in typical residential property transactions within Australia, there’s a slim chance that GST will apply to the sale. However, as the person selling the property, it’s crucial that you fully understand GST on property…

GST Free Supplies: How it Affects Your Small Business

GST Free Supplies: How it Affects Your Small Business

In today’s competitive business environment, understanding how different tax regulations impact your small business is essential. The good news for you is that certain items and transactions are considered GST free supplies, which means you don’t have to pay Goods and Services Tax (GST) on them. But how does this work, and which items are…