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I would think that it would be fairly easy to avoid both GST and CGT on this example. In fact this would be the classic example of when GST would not apply to a sale of new residential premises within 5 years. If you are not registered for GST the sale of a new residential property in less...

The issue of whether the sale of land is an isolated transaction not requiring registration for GST; or in the furtherance of an enterprise that does require registration is a common dilemma. As Paul points out, obviously the tax office will want to try and classify every sale as a business...