The margin scheme is a way of working out the GST you must pay when you
sell property as part of your business. You can only apply the margin scheme if the sale of the property is subject to GST – for example, if you build new residential premises or sell subdivided vacant land that you have developed as part of your business.
You can use the margin scheme on your property sales if you bought the property before 1 July 2000. You may also be able to use the margin scheme on your property sales if you bought the property after 1 July 2000 from someone that either:
- was not registered or required to be registered for GST
- sold you old residential premises
- sold you the property using the margin scheme
- sold the property to you as part of a GST-free going concern
- sold the property to you as GST-free farmland
- More details and Calculation guide
For more information on the Margin Scheme, GST and Business Activity Statements contact the team at South East Access
South East Access
Upstairs Harbourside Complex
84 Princes Highway, Ulladulla, 2539
Phone: (02) 4454 4444
Fax: (02) 4454 0400
Office hours are 8:30 am to 5:30 pm
admin@southeastaccess.com.au
