Property 2013

Main residence exemption - practical issues

Source: Victoria

Published Date: 31 Jul 2013

 

People often assume that the main residence will be tax free. It may not be! There may be some nasty surprises. This practical presentation uses case studies to consider problems faced and planning opportunities when applying the main residence exemption, particularly:

  • subdividing the family home
  • selling adjacent land – the two hectare rule
  • deceased estates, including testamentary trusts
  • inherited dwellings
  • absence rules
  • running a business from home.

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Author(s)

Details

  • Published By: Katherine Brook
  • Published On:31 Jul 2013
  • Took place at:RACV Club, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Property 2013

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