QUESTION 2 Consider the following 2 transactions: 1. You acquired a large block of land 2 years ago in 2017 with a single title. You subdivide the land into 4 blocks for future sales. 2. You construct a house with an associated granny flat. As you do not have a granny, you sell the granny flat only. Required Are there any CGT implications associated with these two transactions above: 1) Subdivision of land and 2) Sale of the granny flat? Clearly identify whether CGT event occurs for each 1) and 2). If not, when the CGT event will occur. If so, any indexation or discount would apply to the CGT event? (10 Marks)