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Main residence and CGT paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 15 Feb 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Everyone assumes that selling the main residence will be tax free. But it may not be! There may be some nasty surprises. This practical paper uses case studies to discuss problems faced when applying the Main Residence Exemption in the following areas:

  • subdividing the family home
  • adjacent land – the two hectare rule
  • deceased estates, including testamentry trusts
  • inherited dwellings.

Author profile

Karen Gregor CTA
Karen is a Specialist Tax Consultant in Nexia Edwards Marshall's Business Consulting and Taxation Divisions. Karen has over 20 years’ experience advising clients across many areas and has helped many clients deal with difficult areas of taxation law, including GST and CGT, working with them to find a solution, even when the legislation is ambiguous. She works with clients throughout the life cycle of their business by advising them during its establishment and operation, then, if necessary, working on exit strategies and winding up. - Current at 12 May 2022

 

This was presented at South Australian 6th Annual Property Day .

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