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  1. J

    How is this scenario taxed?

    It's fascinating to see how much due diligence has been done. The GST you pay will be 1/11th of your sale price less the GST you have paid out for the townhouse to be built less possibly part of the GST on the subdivision possibly if the margin scheme applies to the land the GST payable could...
  2. J

    How is this scenario taxed?

    To make a house your PPOR you must move into it immediately after settlement and not be claiming another house as your PPOR, so even if you lived in your house for the next 50 years it will never be completely exempt from CGT. A land value will be calculated for your development block but...
  3. J

    How is this scenario taxed?

    The house has only been your PPOR for 1/4 of the time you have had it so only 1/4 of the CG on the PPOR will be exempt (assuming you had no intention to develop when you initially bought), but since you've subdivided your initial cost base will be reduced. When you say you have a QS report, is...
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