All Topics / General Property / Open space contribution & Subdivision

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  • Profile photo of Suri007Suri007
    Join Date: 2012
    Post Count: 21

    Hi, I have built 3 townhouses but will not be selling them for 12 months due to tax reasons.

    The Subdivision application has gone in and not been finalized because I haven’t paid the open space contribution.

    Council has agreed I can pay it off by Aug-21 (it’s nearly 40k).

    This gives me 6 months to make monthly repayments which makes it easier for me.

    But I wanted to ask – is there anything that could happen between now and August if the subdivision is not finalized?

    I am worried this will bite me if I don’t pay it all now. I have never built now so this is all new to me.

    Thank you for any insights you could offer :)

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