A person’s main residence can be their most significant asset. The main residence exemption is (arguably) the most generous exemption for post-CGT assets in the income tax legislation. The eligibility requirements are not onerous, and it is available to young and old rich and poor. However, actions, or inactions, can result in loss of the exemption in whole or part.
Against this background, and in the context of the main residence exemption, what we will address includes:
• Deriving income from a main residence
• Keeping the exemption when demolishing or subdividing
• Succession and deceased estate issues, and
• Absences, especially for foreign residents.
Who should watch
Tax advisors, financial planners, tax agents, accountants, lawyers.
Level of expertise
This webinar is for persons with knowledge and interest in taxation.
Presenter
Neil Brydges, Principal
Neil is a Principal in the business law area, with a particular focus on taxation advice and disputes.
Taxation law is a complex area. Neil’s aim is to provide technical expertise to clients, commercially applied and in a friendly and approachable manner.
Neil’s practice involves advice, audits, disputes, and transactions. The client mix includes both family groups and business enterprises. Neil also regularly assists professional advisors, including tax agents, accountants, and financial advisors, to understand complex legal issues and help them to better assist their own clients.
View Neil’s full profile here
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