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I would also be concerned for the possibility that GST could impact. It may be a fairly easy argument that an enterprise exists and that the land is a taxable supply if its not existing residential. Perhaps even the house ?? The problem with the GST is that if you ignore it then 1/11th of...

Incorrect assumption as separate CGT assets exists and continues to exist irrespective of actual title deeds. If the intent is selling so soon after acquisition then a profit making intent overrides the MR exemption. Not even a CGT event and it could taint the original main res exemption on the...