All Topics / Help Needed! / Capital gains on Unit build on subdivided land

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    @mezi
    Join Date: 2010
    Post Count: 1

    Hi
    I need some advice please
    I have recently got a permit to build a unit on back of my house, a corner block. I will subdivide the land. I had the property for 2.5years
    My questions are

    1. What will be the capital gain tax if i sell the subdivided land. Is it going to applicable of 50% of the capital gain because i had the house for 2.5years or will it be charged on fll capital gain

    2. If i build a unit on the block. Will the capital gain tax be charge on 50% of capital gain or full capital gain considering i had the original house for 2.5 years

    thanks for the advice

    Mezi

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