Thanks Richard,
Thanks so much for your info. I will speak to my accountant about this soon. It does seem to help going into these meetings knowing as much as you can.

Just so I get this right. The profit will be attributed to each property individually based on sale price minus land size, construction and other associated costs?

This being the case, can I load up accounting, architectural, legals, mortgage holding costs and other non specific expenses onto the two properties that I sell?

Would this increase the total taxable income and ultimately give me a higher cash return even if it is in the form of equity?

Any further thoughts?

Thanks, Bill