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But it's not line 1 - it's line 6. I'm not buying with the intention of selling for profit. I'm buying with the intention of 'cheaply' picking up multiple brand new dwellings that will be high yielding when I rent them out. Thanks for posting that attachment though - that basically...

I agree with the general sentiments above (that tax on developments is ludicrous, and we all know that stamp duty is an inefficient and dumb tax, but as Sanj points out, it is unlikley to go anywhere). It basically just means that developing and then selling instantly is a very tax...

This is an interesting issue. Just wondering Paul, what happens if you buy land, build multis (say 3-4 units) but hold them indefinitely (at least 5 years). When you sell down the track (if you sell), is this revenue or CGT? I'm aware that you won't pay GST if you hold for more than 5...