The family home is often the most valuable asset owned by an individual and in rising real property markets securing the CGT main residence exemption is critical. Further, residential land holdings often give rise to subdivision and development opportunities particularly in growth regions. Gordon has significant practical experience in this area and will expose the problem tax issues which may arise in practice. This paper focusses on:
- securing main residence exemption
- does Janmor Nominees have contemporary relevance?
- strategies for main residence subdivisions/developments and for land holdings exceeding 2 hectares
- accessing CGT concessions
- when does residential land become trading stock/a revenue asset?
- when does a residential land owner become a property developer?