- Subdivision projects involve dividing land into multiple lots for sale or development
- Understanding GST treatment is crucial for property developers
- Inland Revenue issued draft guidance on GST rules for subdivision projects
- Final guidance includes changes from draft version
- Taxable activity is required to register for GST
- Key question is whether activity is continuous or regular
- Changes in final guidance include a two-step test and clarification on “continuously or regularly”
Source: deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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