Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Bruce4Tax(Taxicorn)Taxicorn
23 Jan 2023

How do I calculate capital gains on the blocks sold.


Probably not CGT - this looks like a profit-making scheme, which is taxed as ordinary income.


Development of new residential housing for sale requires GST registration.


You should get proper advice first.


114 views
1 replies
  • Avatar of woman with short brown hair
Liked by KevinH
114 views
1 replies

All replies

Loading
RE: Capital gains tax on subdivision of land | ATO Community