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Interesting analysis, my thinking would be this is Michael's first development, and from reading this thread it's clear he has learnt a lot - if and when he decides to develop again the margin would increase significant due to him being much more aware of how to minimise potential cost blow...

Hi Michael, While the assets are owned in the name of a corporate trustee they are actually held in trust for the beneficiaries of your HDT. This means the principles of company income tax (including franking) do not apply. The profit would be not taxed at 30%, rather the net income of...

Peter, I am unsure on what structure Michael is operating this development from, however he has indicated above that he has factored in holding costs and would still make a profit if all sold. Therefore, assuming a company, even if he fully exhausted his carried forward losses from rental...

Michael, Say you sold the whole lot, i would be assuming this would be taxed under the ordinary income concepts of running a property development business, and if not they would be classed as a capital asset and therefore liable for CGT. What's your thinking of no tax being payable on sale?