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Capital gains tax - main residence exemption presentation

Published on 27 Mar 07 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

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
CTA
David is an Associate Director at Grant Thornton Australia and has 12 years experience in advising clients on a wide range of taxation issues. David has considerable experience in advising both employers and employees on the implementation and management of tax effective remuneration structures, including the use of employee share and option schemes.
Current at 18 February 2010 Click here to expand/collapse more articles by David HAWKES.
 
Individual sessions

Capital gains tax - main residence exemption

Author(s):  David HAWKES

Materials from this session:

March 2007 tax update

Author(s):  Cathy SIMONS

Materials from this session:

Further details about this event:

 

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