Date/time: Thursday 14 March 2024 02:00PM-03:00PM AEDT
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.
Registration to this event includes: