Subdivision of current Investment Property

Discussion in 'Development' started by [d4rk-fr3d], 19th Jul, 2020.

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  1. [d4rk-fr3d]

    [d4rk-fr3d] Well-Known Member

    Joined:
    9th Jul, 2019
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    Location:
    NSW
    Hi All,

    Would it be possible to subdivide the existing Investment Property and then leave it as it is as two separate lot but not performing any further action on the land?

    I've got one house that is currently rented out as Investment Property in Bayside NSW area.

    The property has one main house and already existing granny flat with the land size is 1000+ sqM, hence I am able to subdivide it into two lot of 500-500 sqM.

    If I perform subdivision as two lot, let say becoming like:
    • 122 Forrest Road - the existing main house
    • 122a Forrest Road - the existing granny flat
    Can I just leave it as it is, with no further action after the subdivision is approved?

    My goal here is to be able to tax deduct and if possible renting out the two property as dual occupancy with normal RE agency rental agreement.

    Thank you in advance.
     
    [d4rk-fr3d], 19th Jul, 2020
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  2. geoffw

    geoffw Moderator Staff Member

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    geoffw, 19th Jul, 2020
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    [d4rk-fr3d] likes this.
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