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That's why you need to get advice from a competent professional as the issue may be that the decision to subdivide has turned the property into trading stock at that time. If that were the case then from memory you would pay capital gains tax on the difference between your cost base and the...

You have entered into a very complex tax issue that needs expert advice based on your particular circumstances. One issue that will need to be considered is whether this is merely the realisation of an asset or is it a profit making scheme or undertaking. If the only thing that needs to be...