Wondering how dividing residential land influences your tax situation? It’s crucial to seek advice from a qualified taxation expert before proceeding with any sale or purchase. Key considerations include: Is GST applicable? Who bears the CGT (if any)? How will it be financed? Should a family trust be used? Remember, at //Adcocks Conveyancing, we’re not taxation experts or financial advisors, but we’re more than willing to discuss these issues with you or your accountant. If you don’t have a taxation expert to consult, call 08 8267 6255 for our recommendation (we don’t get any commissions for referrals). Let’s navigate your subdivision journey with confidence.