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Thanks for those replies, you two :D. Neither block is pre-GST, never been a PPOR either. One day we could sell to a developer, but we will be screwed down on price and pay a huge amount of tax in one financial year (unless a developer is willing to sign for one block on 30 June and the...

I'm doing some "what if" scenarios on our double block... keep, sell as a development site, sell individually, reconfigure the block and sell the middle vacant battleaxe block, do nothing :D. One thing I cannot fathom is how we would be taxed if we reconfigure the two blocks into three, and...