I just found this thread via google only to find you replied to me!

I have a 1060sqm block which I have permits to be subdivided into 2 lots.

One lot is to be 501 sqm, the other 549 sqm

I would like to build a single dwelling on one and 2 small townhouses (divided by fire proof wall) on the other if this is possible.

Is there any way I could email you the subdivision and ask for your feed back?

Any light you could shed would be much appreciated

Keep up the great work

That’s a great question!

As you can understand, the 300m2 per lot rule of thumb is just that – a rule of thumb that is a ‘first impression’ the minute you mention your proposal to a planner.

Corner lots do indeed have the advantage of the possibility of separate driveways – however you do need to factor in traffic issues with this benefit. Is one or both roads a main road? If so can a car enter/exit the main road safely?

The smallest corner lot dual occupancy we have developed was on 550m2 block, however our case was helped by the fact that one of the roads was a service lane (ie. no through traffic).

As always, we would suggest talking with your Council planner as early as possible, letting them know your intentions and then working with them to produce a design outcome that suits both parties.

On a related note…

Corner lots offer another advantage: The Side Setback.

Under Clause 55.03-1 Standard B6, Corner lots are allowed to have a Side Setback of the abutting neighbour’s front wall setback *OR* 2m – whichever is *lesser*. On a ‘regular’ (non-corner) block, the minimum front wall setback would normally be the abutting neighbour’s front wall setback OR at least 4 metres and possibly up to 9 metres!

In English, this means that Corner lots offer the possibility of a larger building envelope – giving you a few more design options than you might think you actually have!

Hope this answers your question – let us know how you go with your proposal! I would be interested in following your progress.

Thanks for your question and all the best with your development,

Adam

If I understand your question right, you are subdividing a block on behalf of your relative who owns the block?

Although we can assist with the subdivision, we are not tax accountants and can’t give advice regarding your CGT situation.

However that said, subdivision won’t result in CGT until the time comes to sell. So if your relative subdivides their block yet still owns both subdivided blocks – there will be no CGT. CGT will apply once they sell the block (to yourself perhaps?)

This article (from the Australian Tax Office) might help but (as always) you should see your accountant to find out how this applies in your specific situation.
http://www.ato.gov.au/corporate/content.asp?doc=/content/86198.htm

Thanks for your question – hope this helps.

Adam

Thank you for sharing your knowledge. My partner and I are wondering what the implications are for subdividing a block (which is under a relative’s name) are. ie. CGT or transfer of title?

We have actually seeked a property designer who had designed what he envisaged but did not mention anything about the title being under the relative’s name. Would have thought it to be an issue of selling/purchasing the block.

Thanks

Monica