When do we pay CGT for townhouse developments

Hi everyone,

I'm going to build 2 townhouses as investment properties (get rent) and my friend told me that I need to pay CGT the day the property started to receive rent. Is that true?

From my understanding, CGT is always payable when the property is sold.



So if CGT is payable when I receive rent, how do I pay?

Thank you very much.

When do we pay CGT for townhouse developments