Say you have a Trading Trust entity set up for flips and trading.
But are looking at doing assigning first and maybe not reaching 60k for the financial year.
And lets say you assign and charge out 20k in the first 9 months.
But, then you find and finance a 200k reno.
Can you then decide part way through that year, to register for GST or do you have to wait until the next financial year.
How does it workout either way.
But are looking at doing assigning first and maybe not reaching 60k for the financial year.
And lets say you assign and charge out 20k in the first 9 months.
But, then you find and finance a 200k reno.
Can you then decide part way through that year, to register for GST or do you have to wait until the next financial year.
How does it workout either way.
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