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naddis01(I'm new)I'm new
25 May 2026

For the purposes of the new CGT and negative gearing rules, what is the definition of a new build? Is building on a block that has previously had a house considered a new build? The house has been demolished years ago. Is there a time frame from when the house has been demolished to when a new house is built for it to be considered a new build?


If someone bought a block, demolished the house, then on sold the block due to change of plans to someone else who then builds on it, is that considered a new build for tax purposes?


Thanks in advance.

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3 replies
34 views
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YellowPotato(Taxicorn)Taxicorn
25 May 2026

There's no answer right now, at this stage it's only an announcement


You would need to wait for the draft bill to have a rough idea of the definition. And wait for it to pass parliament to know exactly what the definition is

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What Counts as a New Build Under the New CGT and Negative Gearing Rules? | ATO Community