Property tax is complex.

Investment property owners need to calculate profit/loss, also called gearing. Builders need to work out how much GST they owe on houses sold (often under the margin scheme). Property developers need to capitalise their costs and only claim the costs when property is sold. Property has been a focus area for the ATO for many years. At the click of a button, auditors will know the details of all your property transactions – what you bought, what you sold, when, for how much, to whom, etc. So its important you get professional advice and get your reporting right.

At novudo, we specialise in property transactions. Our staff bring extensive experience auditing property transactions whilst on the ‘dark side’ at the ATO – we understand how to structure your property transactions to minimise your tax.