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Hidden tax traps with property developments

Peddling back on my bicycle from the local shop at my Mackay winter retreat in Queensland, I noticed a smart looking development of a corner block. A duplex had just been built on one street front, leaving the original derelict house at the back facing the other road frontage with its own separate entrance, all on a good size block. It was when I spotted the for-sale sign that I had to resist the urge to peddle in and warn them of the tax consequences.

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