This presentation covers:
- life estate " an estate in land that endures until the death of the person upon whom it is conferred or some specified person (purautre vie)
- most often created by will
- a common trigger for CGT liability is surrender of a life estate
- application of CGT to life estates before TR 2006/14 was very uncertain
- how CGT rules apply generally to deceased estates
- TR 2006/14 and PS LA 2003/12
- examples illustrating application of TR 2006/14
- surrender of interest in main residence
- application of rules to more complex estates.