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Originally Posted by beetills
Will a CGT have huge tax implications for a company like CDI?
Personally I doubt it. ie....
Farmer:
Buy a farm.
Make a few improvements or let it go to the pack.
Sell the farm.
Difference = capital gain/loss
CDI:
Buy a farm.
Develop masterplan and obtain consent. Subdivide.
Put in roads, footpaths, street lighting, curbing snd channeling, potable water, grey water, wastewater, stormwater, electricity, fibre, shopping centres, parks.
Sell the sections.
Difference = amount of added value. Capital gain/loss component subjective.
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