scanvef.blogg.se - Hobby farm for lease

Hobby farm for lease registration#
Hobby farm for lease plus#

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Hobby farm for lease registration#

Private information is collected at the time of registration and subscription and during the course of using the By Lawyers services and in any email, telephone or other exchange of information. This information may include, but is not limited to, names, addresses, contact and employment details, payment details, information supporting document automation and metadata. What information is collected?īy Lawyers collect and hold information relating to the provision of its services to subscribers. The policy applies to all private information provided to By Lawyers which is collected, held, used or disclosed in the course of By Lawyers offering and providing its services as defined in its Terms of Service on its websites. Are there any other certificates or disclosures that I may have not considered?īy Lawyers for Lawyers Pty Limited ACN: 125 364 730 (‘By Lawyers’) Privacy Policy Private informationīy Lawyers has adopted a privacy policy to comply with its responsibilities under governing legislation. I am ordering the usual certificates for the vendor statement including mine subsidence, GAIC, Extract of Priority Sites Register and flood levels. The property is and always has been a principal place of residence - CGT will not apply, correct? The sale cannot be treated as a "farming business" as the ATO treats the property as a hobby farm and does not satisfy their requirements, regardless of what an incoming purchaser intends to do with the property.ģ.

Hobby farm for lease plus#

The sale will most likely attract GST - should I make the sale PLUS GST?Ģ.

I understand I need to consider the following in relation to GST and CGT:ġ. I will be recommending that the clients seek financial advice from an accountant particularly as to any tax implications. The ATO treats the property as a hobby farm. The property has been described by the client as their principal place of residence with paddocks agisted for horses. Home on one lot and hobby farm on the other however the property is known as one address and being sold as one under one COS. My clients are selling their hobby farm which is made up of two lots.