GCT on splitter

Hi all,

I want to buy a simple splitter block and live in it for a year as my PPOR first before knocking down and then either:

a) selling both blocks of land, or

b) selling one block to release equity and build new PPOR on the other block.

Can someone advise if these scenarios would incur GCT on the profit, or would it be exempt as it is treated as PPOR?

Thanks
 
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