I live on 4 hectares, it is my principal place of residence, and I do not derive any income from the property. If I sell the property I understand the 2 hectares including the residence is exempt from CGT. There is subdivision minimum of 2 hectares in my local council, but because of the way the property is laid out, including an easement and carriageway, there is no marketable parcel of 2 hectares which can be sold separately. If the area of land in excess of the 2 hectares with the residence cannot be sold, how can a value be attributed to it, for the purposes of calculating any CGT payable?
615 views
615 views1 replies
1 replies
615 views
1 replies