CGT Mini-Series: CGT Main Residence Exemption
While the CGT Main Residence exemption is a significant tax concession, its provisions are deceptively complex. Examine the significance of ‘adjacent land’, impacts on death and inheritance, interactions with the maximum net asset value test, and critical issues for foreign residents, plus more. Use a single hour of your time wisely and ensure you obtain the best tax result for your client while avoiding losing significant tax benefits.
Description
Attend and earn 1 CPD hour
FASEA CPD Categories
Estimated 1 CPD hour in Technical Competence
CGT Mini-Series: CGT Main Residence Exemption
- Complexities of eligibility criteria and qualifications
- Significance of ‘adjacent land’ for primary producers
- Retaining the CGT main residence exemption when demolishing or subdividing the family home
- Interactions with the maximum net asset value test for the purposes of the small business CGT concessions
- Impacts on death and inheriting a dwelling from a deceased
- Navigating critical Issues for foreign residents
Presented by Greg Vale, Solicitor Director, Vale Legal; Accredited Specialist in Business and Personal Tax; Chartered Tax Adviser
Learning Objectives:
- Walk away with a thorough understanding of the complexities of the CGT Main Residence Exemption
- Consider how the MRE exemption interactions with small business CGT concessions
- Maximise the benefits of the MRE exemption and ensure you obtain the best tax result for your client