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- GH wrote:Hi Marie,
thanks for your reply. We are currently looking at a triplex block in Armadale. Our problem is the GST component if we develop and sell the 3 units. Someone has advised that we would have to pay GST but I'm also getting conflicting views – even from my accountant. It doesn't seem right if I'm not a commercial developer as the GST cost would kill the project. I will probably post on the main forum.Regards,
GHyes, capital gains tax
you are exempt if you are selling your personal homehttp://www.ato.gov.au/individuals/content.asp?doc=/content/36878.htm
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