Monthly Tax Special Topic – June 2026 - Building in my backyard (BIMBY)

This recorded webinar features the special topic, “Building in my backyard (BIMBY)” providing up-to-date information in this specialist area of taxation.

This is the recording of the Monthly Tax Special Topic live webinar that was delivered by TaxBanter Trainers on the 11 June 2026.

Building in my backyard (BIMBY)

The rising property values and the housing shortages in desirable urban localities present an opportunity for residents to realise some of the wealth tied up in their expensive backyards. The decision to embark on subdividing the property and building a residence that will be in keeping with the streetscape and sympathetic to the existing house as well as returning a profit that might reduce or eliminate the existing mortgage does carry with it some potentially complex considerations.

This session will cover the taxation and GST implications for an individual realising the wealth tied up in their backyard by adopting any of the following development strategies:

• subdividing and selling the vacant lot
• subdividing, building a residence and selling the new residence
• subdividing, building a residence, renting it for a time and eventually selling it
• subdividing, building a residence, moving into the new residence and selling the old residence.