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Hi paul. Even if i am not developing the property and either selling the site as is or selling with permits i would still be subject to income tax and gst?

Hi all I have a site in melbourne which i have been trying to get permits for 4 townhouses. It looks like it is going to be a bit of a mission to get this so i am reconsidering my options Option 1 - sell site as is. With option 1 rough figures are it cost me 450 purchase price 22...