Forums / Getting Technical / Legal & Accounting / CGT on Brand New Investment Property

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  • Profile photo of Richo77Richo77
    Participant
    @richo77
    Join Date: 2013
    Post Count: 5

    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?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,058

    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 Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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