Buildings or structures constructed on land acquired before 20 September 1985
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End of attention
Buildings or structures constructed on or after 20 September 1985 on land acquired before that date are also considered to be separate CGT assets from the original land. The major capital improvement threshold and 5% of capital proceeds rules do not apply to them. Therefore, they may be subject to CGT if they are used other than as your main residence.
Last modified: 04 Mar 2016QC 27527