Hi

I have now found all the answers I need on the following URL, under the heading
“Constructing, renovating or repairing a dwelling on land you already own”
[grad]
Thanks for the help.

http://www.ato.gov.au/print.asp?doc=/content/10675.htm&page=9#P1791_176650

Thanks Terry and Derek for your info.

Derek, I must mention that the dates I quoted are hypothetical. I used them just so I have something to work on.
You are correct when pointing out that there are costs involved with agents and fees and duties, but in this case I will be an owner builder, so there are no builder overheads or profit margins to…[Read more]