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Thanks Terry, it's a tricky one... Another related question, if you sold part of your PPOR land to the person next door, i assume that would be CGT free? Then in a years time you decided to subdivide what is remaining would that also be CGT free, or have you changed the CGT status by selling...

Hi, I have a potential opportunity to purchase house next door to my parents PPOR. Both on a corner which equates to approx 1800sqm. My father had plans for two large plots on his block but if I purchase next door could potentially have six smaller blocks. He purchased the property in...