Hey, We currently own a few blocks of land in one estate. We are looking to build on all except one and sell that one. Purchase price 420k. Re-sale price 570k. Build cost 230k. All up product is 650k. If we sell the land instead of build one, what would be the CGT on a salary of 60k/year and profit? Would it be smarter to build on both, live in one for a month, sell it for 830k and then move to the other? Would that mean the place is CGT free? That way we would have a profit of 180k rather than 150k which gets taxed on? Have I got this right or wrong? Still learning about the tax stuff . Also, what would've happened if we bought one of these blocks in a trust instead of individual?