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Buying a renovated home? You could be up for an extra 10% GST

The problem home buyers face is that what qualifies as a “substantial renovation” is uncertain. The Australian Taxation Office does provide some guidance on this in a ruling. However, the definition is subject to interpretation.

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Christine Peacock , Australian Taxation Office , Federation University Australia , Australian Bureau Of Statistics , Logic Housing Affordability Report , Australian Bureau , Federation University , Creative Commons ,