PUB00326: Income tax - when is development or division work minor?

This interpretation statement provides guidance to help readers assess whether development or division work they are undertaking on land is minor, such that the amount they receive from the disposal of that land will not be subject to tax under s CB 12. It replaces the earlier interpretation guideline “Work of a minor nature”, Tax Information Bulletin Vol 17, No 1 (February 2005).

Comment deadline: 19 December 2019

PUB00326 - PDF format (376kb | 34 pages)