Private ruling: Sale of subdivided lots
Date of advice: 23 December 2020
Published: March 2021

Ruling: Issue 1 | The Commissioner has determined that sale of subdivided lots represents CGT event A1 under Division 104 of the Income Tax Assessment Act 1997 . | Issue 2 | The Commissioner has determined the sale of subdivided lots are not taxable supplies under the A New Tax System (Goods and Services Tax) Act 1999 .


Relevant legislative provisions: Income Tax Assessment Act 1997 Division 104 | A New Tax System (Goods and Services Tax) Act 1999 section 9-5