Forums / Getting Technical / Legal & Accounting / CGT on Brand New Investment Property Viewing 2 posts - 1 through 2 (of 2 total) Richo77Participant @richo77 Join Date: 2013 Post 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 @terryw Join Date: 2001 Post Count: 16,173 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 / Loan Structuring Pty Ltdhttp://propertytaxbook.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.