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Spouses with different residences: blame it on Viagra!

Publication date: 01 May 07 | Source: INTAX

Issue: May 2007

Pages: pp.10-11

Abstract:
There is a growing trend of non-traditional, in the sense of non-married relationships which entail couples living in their own home to some greater or lesser extent rather than sharing the same home continuously. This, of course, raises some tricky issues about whether the parties are in fact de facto spouses and, if so, the extent to which the CGT main residence exemption would be available in respect of either or both homes (and, equally importantly, the extent to which the exemption from land tax would apply). 

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Author profiles

Kirk WILSON
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Anetta Johnston CTA
Anetta is a Tax Director in the KPMG Adelaide Corporate Tax practice. She has qualifications in both law and commerce and has over 15 years' experience working as a tax advisor in various law firms and at KPMG. Prior to rejoining KPMG in December 2015, Anetta worked for 5 and a half years as a Senior Associate in the taxation group of Arnold Bloch Liebler in Melbourne where she was involved predominately in taxation audits and disputes. Anetta's work in managing and resolving audits and disputes included preparing responses to position papers, preparation and lodgement of objections to notices of assessment and penalty notices, drafting settlement proposals and ongoing communications and negotiations with the ATO. Her work at KPMG involves advising clients on general income tax and GST matters, tax and corporate restructuring, M&A transactions and taxation audits and disputes. Anetta's clients include People's Choice Credit Union, Beyond Bank, Flinders Ports and various other private groups and high net worth individuals. - Current at 07 December 2016
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