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Death and the main residence exemption

Recorded live 14 Mar 2024
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
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