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I don't think Carl Marx was of the same opinion. Nor was Adam Smith quite so biased in his design guide for a tax system. Why should a person sitting on their backside earning income pay less tax than one who applies their labours ? This whole stupid distinction between income and capital...

'Passive' developing of residential property for sale is still subject to stamp duty & GST. The only difference at issue is the CGT discount. Don't forget land tax whilst holding on a certain day of the year - another little state tax gem. Of course, the rates as well to the local...

It is not the entity, it is what is actually being done as a question of fact. It just happens that conducting a development in a trust is just one more indicator that helps the Commissioner spot commercial transactions. It does not matter if you conduct it in a personal name, you should...

You can be a developer by intent - e.g. purchase with intent to develop. You can also be a developer by action - e.g. subdivide your existing investment in a commercial manner for profit by way of sale (aka profit making scheme) The latter one is not clear cut due to lack of initial...