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Income tax: capital gains: does the relocation of a building come within the meaning of 'constructed' in subsection 108-55(2) of the Income Tax Assessment Act 1997

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

This process may entail: (i) site preparation (e.g. clearing and levelling); (ii) laying foundations; (iii) installing drainage and connecting utilities.

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