All Topics / Legal & Accounting / FHOG and Subdividing. First Home Owner Grant

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  • Profile photo of clovermooreclovermoore
    Participant
    @clovermoore
    Join Date: 2010
    Post Count: 2

    Hi, i want to purchase a property and subdivide the land at the back and live in the house. I will recieve the first home owner grant. I will then live in the property while I am subdividing it, but………..can i then sell the newly subdivided land before the 6 months is up?

    Profile photo of clovermooreclovermoore
    Participant
    @clovermoore
    Join Date: 2010
    Post Count: 2

    And, then if I subdivide the land, will I have to pay capital gains on the land?

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