The things you need to consider when buying a property, buying and selling regularly, buying an investment apartment and buying with the firm intention of selling.
When working out whether or not you are required to pay tax on the profit from the sale of a property, your intention when you bought it is one of the important factors to consider...
If you are buying and selling property regularly you may be considered a dealer. This will have different tax implications.
If one of your reasons for buying a property is that you plan to resell it any profits from the later sale are likely to be taxable.
If you buy an apartment with a zero-rating there may be unexpected GST to pay if your circumstances change. Find out more about zero-rated apartments.
Date published: 30 Jul 2010