Now I am totally ignorant in this area. I am having my accountant review a potential purchase running a worst case scenario. However my ignorance is worrying me. I have some basic perhaps silly questions:
- The asking price is it normally GST inclusive or exclusive? The asking price currently is a dream for the seller and makes no commercial sence to me unless the price includes GST!
- What would be a fair (in this market) expected rate of return on the investment (6%,10% 12%)? I ask this as I am comparing the ROI to what I could expect in comparison tot eh money sitting in an interest bearing account.
- I am completely out of touch with GST rules.......Is gst paid monthly 6 monthly or is it one of those things I agree with IRD?
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