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Thanks Paul for the info. Spoke to the Accountant and he's comfortable with using the margin scheme process for this development so all good :)

Hi Paul, Yes I will be using margin scheme, used it on my previous development and it worked very well. Just thought I'd ask the question and get some opinions, still yet to ask the Accountant but I'm sure he'll say it can't be done for whatever reason, he's pretty conservative which I...

Thanks Terry for the info, clearly you know your stuff. Looks like am wrong but I'll ask my Accountant anyway. Thanks Scott, can't do that as I need to get sub-division at the same time to secure construction loan from NAB.

Lol ok maybe I should have worded it differently - my assumption was that as long as you live in your PPOR for minimum 3 months, you could then sell it without any CGT implications.....is this correct or incorrect? Thanks

Thanks Terry, why is that? Does the Law not state that you can buy/build a dwelling and move in to it as your PPOR and as long you live in a minimum of 3 months you can sell it CGT free as its your PPOR?

Thanks Xenia. Not sure how it wouldn't be allowed but I'm not a property law expert nor an Accountant so thought I'd ask the question first.

Hi All, Interested to know if an idea I have is legal or not. Basically I'm building 2 identical townhouses as we speak. My idea was to build one for our family which will become our PPOR and the other I was going to sell. Would it be legal if I moved my family in to one Townhouse for 3...