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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
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 3 December 2007 Current at 17 December 2007 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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