Clarendon Houses has been building new houses in Australia for 35 years. Inspection and certification of your venture at essential phases is required by legislation to confirm that it’s built in accordance with the accepted plans, specifications, relevant Australian Standards, Constructing Code of Australia and council laws, to ensure structural integrity, health, safety and amenity.
Nonetheless, in the event you make a habit of constructing many times on a backyard or some other plot, skimming a little off the highest to dwell on, with little or no demonstrable other form of earnings, then you will attract the eye of the tax authorities and it won’t be CGT that you’re going to be answerable for, but Revenue Tax.
Earlier than you progress with a venture, it is essential to make sure you could have the suitable consents to construct, together with planning permission, constructing control approval and any special permissions (such as listed constructing consent).
Regardless that the process involves quite a few steps – such as financing, viewing homes, making presents, house inspections and shutting – the comfort of having the ability to move in straight away is compelling enough for many people to decide on an present residence over a build.