My plan is to develop the property, and while I'm running the papeworks for this property, I'm renting it out.
I've claimed GST on the purchase and paid GST for concurrent use adjustment. But what happens after I've developed the property, will my rental income and expenses (fixing gas pipes cost etc) be included in the income-expense calculations?
Thanks
I've claimed GST on the purchase and paid GST for concurrent use adjustment. But what happens after I've developed the property, will my rental income and expenses (fixing gas pipes cost etc) be included in the income-expense calculations?
Thanks
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