QLD CGT when a house is demolished

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jollo

Member
22 February 2021
1
0
1
Is a CGT event created when a house is demolished? if so,is an evaluation required by a registered valuer? I have an old home that was a rental for 10years,then lived in for 10 years;i would like to demolish & erect a new one,but any further increase in value would make any future sale unfeasible due to very high CGT
 

Docupedia

Well-Known Member
7 October 2020
378
54
794
You'd be better off asking an accountant that question.