All Topics / Legal & Accounting / CGT on Brand New Investment Property Search for: Viewing 2 posts - 1 through 2 (of 2 total) Richo77Participant@richo77Join Date: 2013Post Count: 6 December 4, 2018 - 2:34 pm Hi, I am currently in process of an investment property being built. What I would like to know is once the property is completed and is not leased out, if I sell the property as brand new would I incur CGT? TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213 December 5, 2018 - 12:18 pm depends. It would be either CGT or income tax depending on the situation.Don’t forget the GST aspects.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltdhttp://structuring.com.au/Email MeLawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/Viewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic. If you don't have an account, you can register here.