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Death and the main residence exemption

Capital gains & losses

$120.00 +GST

Audience

This event is recommended for: 

  • Accountants working in public practice 
Audience

Learning outcomes

Upon completion of this event, you will be able to: 

  1. Identify when the main residence exemption is available for the beneficiary of a deceased estate 
  2. Explain when a partial main residence exemption is available  
  3. Calculate the concessional capital gain that may arise where a full main residence exemption is not available 
  4. Explain the rules that apply to a chain of inheritances and the special rules impacting foreign beneficiaries 
Learning outcomes

Relevancy

This event was presented live on 14 March 2024.

Relevancy

CPD hours

This training provides 1 hour accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Tax (financial) advice: 1 CPD hour
CPD hours

As the saying goes: nothing is certain except death and taxes. When it comes to death and the main residence exemption, however, paying tax may not be a certainty. In fact the main residence exemption may result in no tax being payable by a beneficiary, even if the property was income producing by the deceased at some point in their ownership period. 

This session explores, via practical case studies, when a full main residence exemption may be available to a beneficiary of a decease estate and when it will be apportioned. It also calculates the concessional capital gain that may arise where a full main residence exemption is not available. The session also covers the rules applying to a chain of inheritances and the special rules impacting foreign beneficiaries.  

This on demand event includes: 

  • 1 hour online event
  • Learning guide, slides and case studies  
  • Recording and materials available to access for 3 months after purchasing the event  
Lee-Ann Hayes

Presented by

Lee-Ann Hayes
Head of Education (Tax)
Accurium
Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
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