Have you bought or developed a property with an intention to make a profit? Perhaps now, with the change in the property market, you are renting out the property as you cannot sell it or have changed your mind and decided to keep it?

If this is the case, there are some things you may need to know about GST and property transactions.

Since 2007 self managed superannuation funds (SMSFs) have been able to borrow to invest provided certain conditions are met (for details on the conditions see our previous blog post ‘Self managed super funds - borrowing to acquire assets’). In the wake of the global financial crisis there has been substantial growth in the number of super funds investing in this way.