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Taxing the family home presentation

Published on 19 May 22

For many, the family home represents a significant source of wealth, but the CGT and land tax rules applying to the family home are not necessarily straightforward. This presentation covers a number of key tax considerations of holding and disposing of the family home, including:

  • A refresher on the CGT and land tax concessions
  • Moving overseas – are the CGT and land tax concessions available, and will surcharge land tax apply?
  • Application of the rules when moving homes
  • Generating income from the family home, and absences
  • The family home as an asset of a deceased estate

Author profiles

Jim Koutsokostas CTA
Jim Koutsokostas, CTA, is a Partner at Hall & Wilcox. He has over 15 years experience providing taxation advice on a broad range of corporate and trust taxmatters, with a particular focus on the banking and finance, government, and property and construction sectors. Jim’s expertise extends to most areas of tax law, and his experience includes advising on the tax aspects of securitisation structures, onshore and offshore fund establishment, and collective investment vehicles, including managed investment trusts. He has also advised domestic and foreign financiers on the direct and indirect tax aspects of transactions with respect to distressed entities. - Current at 03 February 2023
Todd Bromwich
Todd Bromwich is a Special Counsel in Hall & Wilcox’s Tax team with extensive experience advising clients on strategic tax planning and structuring, and managing early-stage and litigated disputes with Federal and state taxation authorities. Todd has a particular focus on the taxation of trusts and international private wealth taxation for individuals and family groups, assisting clients to structure their global wealth and advising on tax-effective succession planning. Todd is also a senior member of Hall & Wilcox’s cross-practice Charities, Not-for Profit & Philanthropy team, assisting individuals and family groups to achieve their philanthropic goals. Note: the below CV is for LTC use only Todd Bromwich is a Special Counsel in Hall & Wilcox’s Tax team with extensive experience advising clients on strategic tax planning and structuring, and managing early-stage and litigated disputes with Federal and state taxation authorities. Todd has a particular focus on the taxation of trusts and international private wealth taxation for individuals and family groups, and on employment taxes for businesses including remediating complex wage and superannuation underpayments. Todd is also a senior member of Hall & Wilcox’s cross-practice Charities, Not-for Profit & Philanthropy team, assisting individuals and family groups to achieve their philanthropic goals. - Current at 14 November 2025
Bradley White
Bradley White is a senior associate in Hall & Wilcox’s Tax team, with a specialisation in state tax based matters, advising clients nation-wide. Bradley assists clients with their tax structuring, tax controversy, and tax planning needs, and has both federal and state tax expertise. Bradley has particular experience engaging with different state and territory revenue authorities on behalf of clients and objecting to, or applying for, exemptions with respect to land tax, duty and payroll tax issues. Bradley's clients are predominantly small-to-medium businesses and high net-worth family groups, with a focus on the property development, agriculture, not-for-profit and health sectors. - Current at 10 July 2024

 

This was presented at NSW Tax Forum .

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