All Topics / Legal & Accounting / CGT on Brand New Investment Property

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  • Profile photo of Richo77Richo77
    Participant
    @richo77
    Join Date: 2013
    Post Count: 6
    December 4, 2018 - 2:34 pm

    Hi, I am currently in process of an investment property being built. What I would like to know is once the property is completed and is not leased out, if I sell the property as brand new would I incur CGT?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 5, 2018 - 12:18 pm

    depends. It would be either CGT or income tax depending on the situation.

    Don’t forget the GST aspects.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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