Property 2013

Main residence exemption - practical issues

Source: Victoria

Published Date: 31 Jul 2013

 

People often assume that the main residence will be tax free. It may not be! There may be some nasty surprises. This practical presentation uses case studies to consider problems faced and planning opportunities when applying the main residence exemption, particularly:

  • subdividing the family home
  • selling adjacent land – the two hectare rule
  • deceased estates, including testamentary trusts
  • inherited dwellings
  • absence rules
  • running a business from home.

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Author(s)

Details

  • Published By: Katherine Brook CTA
  • Published On:31 Jul 2013
  • Took place at:RACV Club, Melbourne

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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.

The Tax Institute
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The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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