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  • Profile photo of IrwinIrwin
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    @iwisata
    Join Date: 2015
    Post Count: 2

    Correct me if I am wrong but I think the CGT 50% discount will still be applicable until the building commencement assuming that you changed your ‘intention’ from gaining rental income to profit undertaking. Then from that point based on the market value, the whole profit will be considered as revenue and subject to income tax and GST

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