Main residence – is the gain really exempt?
The complexity of the capital gains tax (CGT) main residence exemption is often overlooked especially when ‘out of the ordinary’ circumstances are encountered in practice. Seemingly straightforward property disposals can be tricky to handle when the fine detail of the exemption has to be applied in practice.
This webinar covers key aspects of the CGT main residence exemption. In addition to covering ‘first principles’ of what constitutes a ‘main residence’ and related matters, the webinar also covers the impact of:
• changing main residence;
• periods of absence and how to manage these; and
• construction, repairs and renovations.
The webinar also highlights a number of the more common pitfalls that may be encountered when dealing with the treatment of:
• adjacent land;
• spouses with different dwellings; and
• the consequences of death.
Factors to consider while applying the main residence exemption are also covered, along with ‘high-level’ guidance on structuring property development entities, structures suitable for property investors and joint venture arrangements.
It is suitable for accounting and taxation professionals at all levels, who require a practical understanding of the exemption and how to apply it in practice.
The webinar is suitable for all accounting and taxation professionals.
Crowe Horwath is the largest provider of practical accounting, audit, tax, business and financial advice to individuals and businesses from a network of over 80 offices throughout the country. The firm’s team of 300 Principals (approx.) and professionals deliver a full range of accounting including, audit and taxation, business advisory, corporate finance and wealth management services from offices in the cities of Sydney, Melbourne, Brisbane, Canberra, Perth, Auckland, Wellington and major regional centers in Australia and New Zealand.
You will be provided with:
• PowerPoint presentation slide deck
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to participate in Q&A