Hi Terry, thanks for your reply.

The intention from the start was buy, build, hold. Unfortunately our circumstances changed and we had to sell one in order to afford to keep the other one.

With regards to GST, I have a private ruling stating that GST is not payable.

I was hoping someone might have replied with how they were able to avoid CGT in a similar situation, but it looks like I am out of options on that one. The advice I have received is that the 50% discount will apply as we have held the property for over 12 months.