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follow up question: if the other way around, you purchased a site intending to develop and sell. you end up renting it out for 5 years. does it mean it becomes CGT instead of GST liable? also, if you have spent money on a site already before registering for GST, can you claim the GST...

hi. currently own 2 IP bought under individual name and planning to subdivide block and sell rear in the future. during that time, intent was to hold long term for capital growth. anyways, looking to purchase a dev site soon and now i know that if ATO deems that you are developer, they...