Hi all, could someone please enlighten me with my query? I will buy a splitter or reconfig block in QLD with the intention of halving the block and move the house to one block, so I end up with one smaller vacant block and one smaller house & land block. Say the purchase price is $500k for example at LVR 80%. If I wish to sell off either the vacant block for e.g. $250k OR the house+land for $300k, what's the go with the bank? Do I have to repay the bank anything to keep my LVR 80% on whichever block I aim to keep? On the block for sale, will I be subject to CGT as well as GST if I sell it within the first 12 months? How would CGT be calculated because the block is now smaller and worth less than the purchase price? Anything else I should be aware of? Thanks a million!