Buildings or structures constructed on land acquired before 20 September 1985

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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.