Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions
You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out: the tax implications.
Many small-scale developers often assume that their tax exposure is minimal – but this is not always the case, and the tax treatment of a subdivision project can significantly impact on cashflow and the financial viability of the project.
