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If a property is bought in Sydney using the FHOG and STAMP DUTY FREE, and then subdivided-
1. What are the capital gains ramafications with regard to tax when the property is subdivided?
2. Can the vacant block be sold before the end of the first year?
3. If the vacant block is sold what tax is payable? Considering the initial property is PPOR.
4. Further on should the initial prop be sold and Because it is PPOR how does the land sale affect this scenario? And access to free capital gains tax?
5. Has anyone else done this that is willing to share there experience? PM me…
Thinking of using land sale to pay down mortgage anyway.
Regards Thomas
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