Throughout the platform you can enter costs and revenue as GST Inclusive, GST Exclusive, or GST Exempt. Feasly automatically standardises all amounts to Ex GST for consistency across your feasibility.
GST treatment varies by project, entity structure, and funding. Feasly gives you the flexibility to model GST — your accountant or tax advisor ensures it's applied correctly to your specific circumstances.
Feasly provides a structured financial framework but doesn't capture every individual accounting scenario. Existing tax credits, prior-year losses, and entity-specific treatments need to be handled in your accounting software. Always confirm your tax position with your financial and legal advisors before making financial decisions.
A comprehensive GST Report is coming soon.
Why Feasly Uses Ex GST
In most cases GST is claimable and not an actual out-of-pocket cost. Including it in your feasibility would overstate project costs and understate returns.
Keeping GST separate ensures your feasibility reflects the real financial position of your project:
Profit margins, return on equity, LVRs, and funding requirements all reflect true project economics.
GST is tracked separately so it doesn't interfere with core feasibility logic.
The Margin Scheme Exception
(Australia Only)
The Margin Scheme is a GST exception that can directly impact project profit.
Under the Margin Scheme, GST is calculated on the margin (sale price minus cost base) rather than the full sale price, resulting in a lower effective GST rate.
When GST is collected on sales and the Margin Scheme is applied, less than the full GST % needs to be remitted to the Tax Office. The difference improves free cashflow and increases net project profit — estimated at approximately 3%.
Where the Margin Scheme is applied in Land, the estimated benefit is calculated automatically and flows through the platform and reports.
Margin Scheme cannot be applied where GST is included in the land purchase price. Seek professional advice to confirm eligibility. See Land.
Income Tax
Set your estimated Income Tax Rate in Financial Settings. The rate is applied in the P&L report to estimate income tax liability. Project Profit (Post-Funding, Post-Tax) is the opening balance applied in the Profit Distribution report.
Income tax estimates in Feasly are indicative only. Seek professional advice for your specific tax position.
Discount Rate
Set the Discount Rate in Reports: Financial Settings. Applied in the Development Cashflow report to calculate Net Present Value and the present value of future cashflows.