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  • Profile photo of thydzikthydzik
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    @thydzik
    Join Date: 2008
    Post Count: 2
    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,
    GH

    yes, capital gains tax
    you are exempt if you are selling your personal home

    http://www.ato.gov.au/individuals/content.asp?doc=/content/36878.htm

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