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Thanks Paul, its good to at least have an idea on what I expect to pay. Very much appreciate you taking the time with this. ATO not investor/developer friendly:( WM Yes, I think I will be spending more time with accountant just to work the numbers. MTR:)

Thanks for the help, that clears things a little, it also screws my profits:eek: Am I correct in stating that I would pay around $26,600 GST Can I use margin scheme??? Here are my figures Seems ATO is my partner in crime, have not even taken out CGT, they do no work and they get bite...

Hi All Have had conflicting information and need some advice as I am confused. I purchased a house 6 months ago, will be demolishing the house, splitting the block in 2 lots, would I pay GST on selling the 2 blocks?? If I decided on another option where I only sold 1 block and built on...