personal OTP sale to our Trust ?

[Patosan]

G'day all,

I have an IP which will be developed soon, plans are at council.
I desperately want to get it into our trust, but $30k plus duty is steep. PPOR -> no CGT.

Could I sell it OTP to our Trust ?
Thus avoiding duty on the cap improvement (house).

When does the 6 year CGT exemption for sale of PPOR finish ?
... 6 yrs after moving out.
... 6 yrs after tenants move in.
... end of 6th financial (tax) yr.
... or when ?

 

[Patosan]

Sub-divide or not ?

After some private emails I have several answers and questions.

First the answers :
Yes I can sell to the trust OTP ... good news.
Yes I will pay stamp duty ONLY on the land value ... major savings.
The "6 yr CGT free" window starts day I left the house/ Oz ... to the day.

Bonus :
The duty is payable at settlement/completion of development ... really a major delay/plus.

Catch :
If I sub-divide before/in the sale then I will be liable for CGT on one of the divisions ... heavy downpour on my parade.

New Questions :
Do I need to sub-divide at all ?
Could I sub-divide later, some time after settlement or whenever needed ?

Over to YOU :
So what do you think about sub-dividing and the timing of it ?
Can you answer my new questions ?
Has anyone done a development and not sub-divided ?
Any and all feedback appreciated.

Or I guess I could continue to answer my own posts.
... what a pathetic image that is.