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Thanks Aus, not sure where you got the 150k from? And as far as the income tax calculation for me as an owner/developer - would it be?: Land cost - 180k Construction Costs & sales commision - 100k Sales (net) - 400k Margin = 220k gst on margin = 22k gst paid on goods and services = 9k...

Hi Folks, I am considering selling one of a duplex pair I am just about to construct. Land was purchased a few months ago for 240k. Development costs are expected to be around 300k to build the two detached dwellings and strata title them. The land was not a taxable supply. From Here...