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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33 views
3 replies