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OK people, help me get my head around the tax implications of subdividing and selling... From the ATO web site: "if you purchase land to subdivide and resell for a profit, or use the subdivided land in a business-like way, the proceeds may be treated as ordinary income and you may need to...

You'd be surprised how costs and time can blow out on subdivisions- I've dealt with the Onkaparinga council doing a simple one block into 2 divide, it took exactly 2 years and 3 months to have the new Titles in hand, the land sale can not settle without the new Titles for the allotments, so I...