Developers forced to rent newly completed apartments because deals have collapsed, or cannot be sold in slowing markets, could be unknowingly triggering GST liabilities, a tax expert warns.
Many developers are holding onto properties for rental rather than sell them in slowing markets, seeking short term rentals to boost cash flows, or putting a tenant into a property and selling a leased unit to an investor.
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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au
