Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Capital Gains Tax (CGT) Miscellaneous 2021

CGT Main residence exemption - A look at impacts for foreign residents

Source: South Australia

Published Date: 28 Apr 2021

 

This presentation covers:

  • The importance of understanding residency and the impacts whilst away
  • Selling the home whilst a foreign resident
  • The exceptions available if a foreign resident satisfies certain 'life events'
  • Interaction with the "absence rule", the 6-year limit
  • The choice between more than one main residence
  • Renting out a portion of property (eg consulting/hairdresser)
  • Interaction and application of the CGT discount rules, including the different methods available
  • When valuations are required and what records should be kept
  • Missing out on the main residence exemption, what are the considerations?

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Individual Session

CGT Main residence exemption - A look at impacts for foreign residents

Author(s): Natasha Wegener
Materials from this session:

Download

Details

  • Published On:28 Apr 2021
  • Took place at:Novotel Barossa Valley Resort

The material is copyright. Apart any fair dealing for the purpose 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.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

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

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Capital Gains Tax (CGT) Miscellaneous 2021

Share this page