I have a current investment property. The property is old. I am wanting to demolish and build a duplex (two new properties joined by party wall). Do both these properties qualify as new builds for CGT purposes.
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Nothing is certain until legislation is released, but indications from the budget paper are that where an old dwelling is being replaced with a greater number of dwellings constructed after 1/7/27, the owner can keep the option of the 50% discount and it will apply to both. Not sure whether it's related to construction starting or being completed after 1/7/27 though. The devil will be in the detail with all of these provisions!
Hi @SuperTrooper,
The measures announced in the 2026 Federal Budget are not yet law. It's too early for us to be able to comment, but you can read more about the proposed changes in the 2026-27 Budget papers.
You can also keep an eye on our Reforming negative gearing and capital gains tax webpage. As more information becomes available, we'll keep that updated.
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