CPD+

CGT main residence exemption

$180.00 +GST

Presented By
Karen Goodfellow

This on demand webinar allows you to learn in your own time at your own pace and provides you with 1.5 CPD hours.

Out of a very simple policy – that no tax should be payable on the disposal of one’s own home – emerges arguably one of the most complex set of provisions in the income tax legislation. And when you consider that one’s home is typically their largest asset, the importance of having a strong understanding of the rules becomes clear.

With this in mind, we will cover the following:

  • the definition of main residence, including the two hectare rule
  • the rules that extend the exemption, including the absence rule
  • rules that limit the exemption, such as using the house to generate assessable income
  • calculating the gain in circumstances where a full exemption is not available

We will also look at the application of the above rules to real-life scenarios such as:

  • Foreign resident selling their Australian property
  • Demolishing and rebuilding
  • Deceased estates
  • Subdividing and selling off

About your presenter

Karen Goodfellow, CTA, is an experienced tax professional. She is a consultant, author and presenter with extensive experience in the tax advising and education (CPD/CPE) space. As the founder and operator of two successful tax training businesses Karen has detailed knowledge of Australia’s federal tax system. Karen’s extensive experience providing tax advice and training gives her an excellent understanding of the most pressing issues facing tax practitioners including the taxation of trusts, Capital Gains Tax and Division 7A.

Disclaimer
The information for this on demand education has been prepared by Accurium Pty Ltd ABN 13 009 492 219 (Accurium) and is protected by copyright under the Australia Copyright Act 1968. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network, sell or offer it for sale. Only the person purchasing access to this on demand education may access the content. In the event of unauthorised access any additional person(s) may be held liable for additional fees associated with accessing this on demand education. Accurium reserve the right to charge any unauthorised person(s) who access this on demand education without purchase.