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Vacant land and subdividing

Find out the tax treatment and if you can claim deductions for holding, selling or subdividing vacant land.

Work out if you can claim a deduction for the costs incurred in holding vacant land on or after 1 July 2019.

Work out if you can claim deductions for vacant land before 1 July 2019, also if CGT and GST apply.

If you subdivide a block of land, there may be tax implications such as capital gains tax (CGT) or GST.

QC45084