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Income tax: capital gains: does the relocation of a building come within the meaning of 'constructed' in subsection 160P(2) of the Income Tax Assessment Act 1936 ?

Preamble

Yes. 'Constructed' includes the process of placing a relocated building onto a block of land and making it functional.

This process may entail: (i) the 'brick-by-brick' reassembly of a relocated building; (ii) site preparation (e.g. clearing and levelling); (iii) laying foundations; (iv) installing drainage and connecting utilities

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