Miscellaneous 2022

Main residence exemption: is it the devil or an angel in the details?

Source: Victoria

Published Date: 21 Jul 2022

 

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A person's main residence in many cases is their most significant asset. The tax concessions available on a main residence are arguably the most generous in the tax legislation. However, in some cases, actions, inactions, or wrong decisions can result in the main residence exemption being lost in whole or part. Against this background, and in the context of the main residence exemption, the presenters address:

  • Deriving income from a main residence
  • Demolishing and rebuilding
  • Relationship breakdowns
  • Asset protection
  • Succession and deceased estate issues and;
  • Foreign residents

Individual Session

Main residence exemption: is it the devil or an angel in the details?

Author(s): Edward Hennebry , Neil Brydges

Details

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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Miscellaneous 2022

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