Vacant land and subdividing

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.

If the Victorian windfall gains tax isn't deductible, it may be included in the cost base of your land for CGT purposes.