How ATO calculate the Tax (CGT) for house & land package property?
We built the property (H&L) and thinking of selling it upon completion, because of the location. We won't be able to move there, what's the best way to minimize the tax?
Generally a CGT event only occurs on the sale of existing assets (such as an existing dwelling). If selling a new build then any profit on the sale will be considered as normal income. You need to seek professional advice as this area is quite complex and there are GST implications as well.
Generally a CGT event only occurs on the sale of existing assets (such as an existing dwelling). If selling a new build then any profit on the sale will be considered as normal income. You need to seek professional advice as this area is quite complex and there are GST implications as well.
Thanks for the response,
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
335 views
2 replies