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Tax advisers would probably think that idea borders on ludicrous. - Triggers for tax - NO CGT as its not a CGT asset. It seems a business use asset. Trading stock. - GST on the newly subd land AND on the final build (perhaps land is creditable or eligible for margin scheme) - Stamp Duty a...

I would also be seeking tax advice for the consequences so your budget plans these taxes in: - Land tax - Duty - Income tax (not CGT) - GST on sales, GST on build costs etc - ABN registration + Apportioning costs and Accounting "101" on record keeping All costs will be affected by GST...