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^^Mike, thanks for the cases; will have to check them out.

Agree with Perp; especially this, from my limited understanding: I think that separate entities - especially if a company - will work OK, despite the fact that the same directors also own buy-&-hold properties in other structures. Remember that a company is a legal person distinct from its...

Actually, it's not that simple either. No one is questioning the 'renovate and hold.' If you sell, it's not necessarily subject to income tax as it depends on what your purpose was in buying the land. If it's been held for a while as an IP your purpose may have been to use it for income...

I don't find the determination clear at all; 'though I guess it's clear that a sole development may be be treated as trading stock. I guess we'd have to look at cases to determine what has been interpreted as a 'business activity' to satisfy the second part of the test. This explanation...