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  1. Paul@PFI

    Confused! GST, CGT, none or both?

    That worst case. The advantage of personal advice is its not hypothentical. Its calculations and guidance so that your circumstance is understood. It may include suggestion to seek a ruling that confirm the ATO views. It would result in clarity BUT with saving $ in mind. Its equally as bad to...
  2. Paul@PFI

    Confused! GST, CGT, none or both?

    I'm not saying one way or the other. You original intention appears to have contemplated a subdiv for purposes of making profit - Likely to reduce debt. OK it changes a little BUT the ATO don't share that approach. A recent case saw the original intent continue and its dangerous to assume that...
  3. Paul@PFI

    Confused! GST, CGT, none or both?

    Daniel There is no substitute for personal tax advice. You might not post on a forum for medical advice so tax is much the same. That said: Your case is a complex issue for CGT. It appears you have THREE CGT assets. 1. The original house and land 2. The original portion of land for the...
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