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    My little Mona Vale development update - Phase 3

    It sounds ok to me! Thanks for sharing your journey.
  2. D

    My little Mona Vale development update - Phase 3

    Hi Rickardo, If it is sold as a 'development for profit', GST would be payable, and income tax on the profit would also be payable. CGT would not be payable, as the profit would come under the 'income under ordinary concepts' rule. You are right, if there is a profit on sale, either CGT...
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