If anyone has any ideas on this.
We bought a block on the Sunshine Coast near the beach ( 1220sqm) for $745,000. We are moving the boundary(is already on council plans and wasn't known by previous owners, to make 2 blocks)for about $3,500.
1 x 700 with house, 1 x 520. The house will be worth about $650,000 and the block $350,000.
If we sold the house for $650,000(not living in it) and then built our house on the other to live in. What would CGT be ?
AIA
We bought a block on the Sunshine Coast near the beach ( 1220sqm) for $745,000. We are moving the boundary(is already on council plans and wasn't known by previous owners, to make 2 blocks)for about $3,500.
1 x 700 with house, 1 x 520. The house will be worth about $650,000 and the block $350,000.
If we sold the house for $650,000(not living in it) and then built our house on the other to live in. What would CGT be ?
AIA