Hi, I'm asking this on behalf of a lady who I meet when we take our dogs to the park.
She has a 800m2 block with her PPOR on it. If she subdivides into 2 blocks each on their own title, demolishes the PPOR, builds 2 houses one on each title, sells one and lives in the other as her new PPOR, at what point is she liable for CG tax and on which property?
Thanks for any advice
JB
She has a 800m2 block with her PPOR on it. If she subdivides into 2 blocks each on their own title, demolishes the PPOR, builds 2 houses one on each title, sells one and lives in the other as her new PPOR, at what point is she liable for CG tax and on which property?
Thanks for any advice
JB