Hi, I know there have been several tax comments and tips on minimising tax implications when renting one and living in one etc... But I am interested in the tax implications of selling both duplex's straight after construction; Example scenario: Land cost: $1,000,000 Construction: $800,000 Sale price @ $1.2m each: $2,400,000 Gross profit: $600,000 For simplicity please ignore selling costs, stamp duty and legals. Now does this mean GST will be charged on the sale price i.e. $240,000 and can claim GST credits of construction $80,000 so total GST payable on both is $160,000. Also with regards to CGT does the 50% discount apply as the land was held for more than one year. I have read that the land value portion is entitled to the discount but the duplex building itself is taxed at the full CGT rate? It seems as though most of the profit will be chewed up in tax! i.e. Gross profit = $600,000 GST = $160,000 CGT = ???