Whether it's after being left a property, buying a new block
of land, or realising that you'd be better off selling some of
the acreage attached to your home, many people around Australia may
at some point find themselves embarking on an exercise to leverage
their real estate to its best advantage.
Subdividing land or developing property can be a great way to
achieve this. However, consideration of the possible tax
implications of these endeavours often occur after activities have
commenced. You wouldn't gamble with such an undertaking without
consulting the local council for approval, the bank for financial
assistance or a builder for construction planning and, nor should
you without also consulting with a tax professional. Tax planning a
property development or subdivision may not remove tax implications
however, it will certainly mitigate against nasty surprises.
