Capital gains tax - main residence exemption presentation
Member Price: Free
Non Member Price: Free
Publication date: 27 Mar 07
Source: SOUTH AUSTRALIAN DIVISION, TAXATION INSTITUTE OF AUSTRALIA
Abstract:
This presentation provides attendees with a refresher on the application of the exemption from capital gains tax upon disposal of a taxpayer's main residence. In particular, it discusses:
- general application of Subdivision 118-B
- extension of exemption to 'adjacent land'
- implication of changing main residence
- using main residence for income producing purposes
- impact of 'temporary absences', marriage breakdown and death.
Author profile:
David Hawkes ATIA
David is a Senior Manager with Grant Thornton in its Taxation Services Group, and has over 10 years experience advising clients on a wide range of taxation matters, including income tax and capital gains tax issues. David has worked with many clients in managing the taxation issues associated with property transactions, and has presented previously for the Taxation Institute.
Current at 03 December 2007
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