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Notes Online Home 2024 NTAA's Tax Guide to Common Property Developments Understanding the tax implications of developing property
The key tax implications of a property development business
In this section of the notes we look at the key tax implications of a property developments business. more specifically:
- Gross income from the sale of land as trading stock
- Deductibility of a taxpayer’s expenses in carrying on a property development business
- Starting and ceasing to hold land as trading stock