PropertyInvesting.com | Irwin | Activity https://www.propertyinvesting.com/members/iwisata/activity/ Activity feed for Irwin. Wed, 15 Apr 2026 11:28:12 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1b21877c8e412b0d714116325d635512 Irwin replied to the topic Capital gain tax on new unit sales in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4997735-capital-gain-tax-on-new-unit-sales/#post-4998370 Mon, 12 Jan 2015 04:28:52 +0000 Correct me if I am wrong but I think the CGT 50% discount will still be applicable until the building commencement assuming that you changed your ‘intention’ from gaining rental income to profit undertaking. Then from that point based on the market value, the whole profit will be considered as revenue and subject to income tax and GST

]]> 5cb44f22e6485a709200d3781c736c67 Irwin started the topic Development on PPOR in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4998365-development-on-ppor/ Mon, 12 Jan 2015 03:40:11 +0000 I got a land and house which has always been my PPOR. I am now planning to demolish and subdivide it into smaller units. I will then keep one unit which will be my PPOR. Couple things that I’d like to clarify:

1. I’ve been told that the CGT exemption will apply up to the point when it’s being demolished. So profit of 300K is tax free from the…[Read more]

]]> c243d59ceb91959430df2c701d28958f Irwin became a registered member https://www.propertyinvesting.com/activity/p/304493/ Mon, 12 Jan 2015 03:15:17 +0000