Hi,

I am really interested in doing this too…we have found an area that is perfect, great land sizes, and selling potential, my accountant has informed me that we will need to pay GST on the sale price of the properties, unless we keep them for 5 years, she also said that because we buy an old property, but end up with 2 new ones, that CGT may not be paid, but the entire profit is included as added income….our intention was to move into one of the properties, and sell our existing family home, and one of the homes we build, and repeat until we are freehold, and then perhaps start keeping properties to rent out from then…does anyone know of a way around this hefty tax payment?

Jaydee70