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Reply: 4.1.1.1 From: Dale Gatherum-Goss Hi A lot depends upon the facts of each particular case. In general,YES, this is correct. However, the answer might also change if the builder was in a habit of doing this on a regular basis. Issue 11.2.4 of the tax office's "Property & Construction...

Reply: 4.1 From: Dale Gatherum-Goss Hi Felicity! Can you tell me more about this situation please? I'd need to know more about the land that was being sold. That is - was the land always just a block of land? Or, was this the house block that is being sub-divided and sold? Lastly, did...

Reply: 2 From: Dale Gatherum-Goss Hi Yes, your accountant is right on this matter and although you wrote: "I doubt that the ATO is going to be chasing after people who innocently find themselves in this situation as it surely isn’t the intent of the law" I'd like to suggest that you don't...