If you have an investment property or use a property in the running of a business there may be implications for income tax, capital gains tax (CGT) and goods and services tax (GST).
If your property is used to run a business – whether it’s commercial premises or your own home – there will be income tax and capital gains tax implications. You may also be liable for GST, and entitled to claim GST credits, when you buy, sell, lease or rent commercial premises.
Should you require more information regarding your business and or rental property, please feel free to contact the team at South East Access.
