Subdivide the home block and build? A cited draft advice to review.

FediPilot prepares

Takes a question asked in plain words about the income tax and GST position when a couple knock down their home, split the block and build two townhouses, and reads the client's email, settlement statement, approvals and building contract summary, agent's paperwork and costs spreadsheet. It then opens the income tax and GST legislation, the ATO rulings and the court decisions, naming each one as it reads it, and answers in the chat. It works through two follow-ups from the accountant, a new fact from the client and a point about the gain before the project began, then drafts an advice document on the practice letterhead: the questions, quoted passages with numbered citations, the figures it worked from the client's spreadsheet, the earlier capital gain set out as a preferred and a conservative position, and a list of authorities with pinpoints.

You review

The advice is yours. You read the draft against the legislation, the rulings and the decisions, check the quotations and the figures, add any authority or guidance it did not cite and decide which position to take where the draft sets out more than one. As the registered tax agent you take responsibility for the advice, sign it and send it yourself.

Draft advice saved as a PDF. Fictional clients and records. Draft advice only. Nothing sent or lodged.