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ps I read Sanj's post the same way as you originally but then realised that I don't think it is an endorsement of the CGT favourable rates, it is just saying that given the current laws the level playing situation should be that... Sanj?

not sure this is quite right, as the concession isn't that old. I know someone that wrote a paper on this and their conclusion was also that it is a stupid skewing of the tax law, however it falls into the whole middle class welfare bucket of the boom years. In fact amazing it has survived come...

ok but... from what I understand, it is pretty hard (fatal in fact) justifying anything other than line 1 if you are GST registered, particularly if the reason you are registered is from property dealings. But others lay it out for you to play it out...

nope. line one, table on page 14. do not pass go... http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf

if a developer the time frame is irrelevant, it will apply forever

agreed, developing is really tough paying 2.5 times or so the amount of tax that 'passive' investors pay. As I have discussed before, the tax imposition on small developers makes a big 'no mans zone' of turnover where it's just not worth developing. go hard or go home I guess.