CPD+

Are you way down with Downsizer?

Date/time: Tuesday 16 August 2022 12:30PM-01:30PM AEST

$120.00 +GST

Presented By
Mark Ellem
Head of Education
Accurium

This 1 hour webinar will provide 1 CPD hour.

Since its introduction in 2018-19, individuals have made a total of $9.4b of superannuation contributions under the downsizer cap. Notwithstanding the original purpose of the measure, it’s being valued highly as a means to be able to transfer capital into a concessionally taxed environment. But to be able to take advantage of the measure, you need to ensure that the individual is eligible, the requirements are met and the rules are followed. 

In this 1 hour webinar, Mark Ellem will quickly review the eligibility requirement for an individual to make a downsizer contribution, spending most of the webinar on examples and case studies to demonstrate the application of the rules, including: 

  • How the timing of the sale and settlement of a home can effect eligibility. 
    • At what time is the age of the contributor important? 
  • Splitting proceeds from the sale of the home between spouses. 
    • Do proceeds have to be allocated in the same portion as ownership? 
  • How the 10-year ownership period is measured.
    • What if a home is compulsory acquired? 
  • Interaction of CGT main residence exemption. 
    • How much of the proceeds can be used if only partial CGT exemption applies? 
  • Ineligible to downsizer after the fact. 
    • Why is the removal of the ‘work test’ bad? 

Strategies using downsizer will also be considered and reviewed in light of the recent changes made to the eligibility age and contribution acceptance rules. 

 

Disclaimer
Each paid ticket holder will be entitled to one ticket only to access this webinar. Each paid ticket holder will be provided with a unique session ID to join the webinar which cannot be disclosed, forwarded or distributed to any other individual without Accurium’s written consent. Only the paid ticket holder may access the webinar. No other individual will be authorised to access this webinar unless a ticket has been purchased and a unique session ID has been provided to that person. In the event of unauthorised access any additional person(s) may be held liable for additional fees associated with the unauthorised access to the webinar. Accurium reserves the right to charge any unauthorised person(s) who attend this webinar.