answered
Q: Hi we finished our farm business end dec16. We subdivided 1 1/2 acres off and are selling it foe around $500000. We have our own super fund. Husband retired I work a bit. We will pay capital gains and split into our super fund. Do we need to pay gst too...our account is on holidays and can't be contacted?. Thankyou.
A: Thankyou Suresh,
Very kind of you to reply so promptly.
We are selling to ?? anyone who is interested in the land, but not to family or business associates. I guess that means it is subject to GST then.
Thankyou again
Simone
