sale of property

Question

sale of property

 · Accepted Answer

CatherineATO · Answer

Hey , Hmmm interesting questions! If you're running a business (https://www.ato.gov.au/business/starting-your-own-business/are-you-in-business-) that buys/sells/develops properties, then it'd be included as stock in the business schedule. If it doesn't fit the criteria, then you would include it at item 24 as a capital gain (https://www.ato.gov.au/Individuals/Capital-gains-tax/Property-and-capital-gains-tax/). We recommend you review the information to ensure you are operating a business.

Explore tax & super topicsExplore tax & super topics

About usAbout us