answered
Q: Hi…we have just completed our first property development of 6 units.
We have decided to keep one unit in the family trust so if we sold 5 at a profit do we just pay CGT on the profit or do we have to include the value of unit we want to keep?
A: thanks Brendan... it was our first development and it was a last minute decision to keep one after we started the sales process. we will speak to our accountant but we might reach out of that's ok.
Regards Nick
