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  • Profile photo of JackWJackW
    Member
    @jackw
    Join Date: 2004
    Post Count: 4
    March 24, 2005 - 2:23 am

    Terry your posts (and calls) always provide a wealth of knowledge that is invaluble to my investing. Thanks a million.

    Congratulations for 3,000 posts!!!!!

    Rgds.
    JackW

    Profile photo of JackWJackW
    Member
    @jackw
    Join Date: 2004
    Post Count: 4
    January 26, 2005 - 3:01 am

    This relates to a project I’m doing. I’ve just recently bought some land and plan either to develop it as a short term accommodation site, or subdividing it and selling off individual blocks.

    What would be the CGT implications of option 1 if built the on the site and ran it as a short term accommodation business and then sold it? Or if I was going to build the properties, but got a better offer on the land alone and so sold it?

    Also what would be the tax implications of simply subdividing it and selling it off? (Of courser I’m guessing no CGT tax discount?).

    I have it in a trust with a company acting as trustee. The trust has no other asset (though I have 3 CF+ properties in my own name).

    Thanks for any help! It will be much appreciated!

    JackW

    Profile photo of JackWJackW
    Member
    @jackw
    Join Date: 2004
    Post Count: 4
    October 22, 2004 - 11:17 am

    The quick answer is No.

    The Long answer is No.

    Also it’s very expensive to build anything due to shipping costs). Except sheds.

    JackW

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