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Notes Online Home 2024 NTAA's Tax Guide to Common Property Developments A Practical Guide to the Income Tax and GST Treatment of Common Property Transactions
dealing with subdividing and/or developing the family home
in this section of the notes we discuss dealing with subdividing and/or developing the family home more broadly:
- Issues where taxpayer subdivides and sells the backyard as vacant land
- Issues where taxpayer builds at the rear, subdivides and sells
- Issues where taxpayer builds at the rear, moves in, subdivides and sells the front house
- Issues where taxpayer knocks down the existing main residence