Published on 15 Feb 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Everyone assumes that selling the main residence will be tax free. But it may not be! There may be some nasty surprises. This practical presentation uses case studies to discuss problems faced when applying the Main Residence Exemption in the following areas:
- subdividing the family home
- adjacent land – the two hectare rule
- deceased estates, including testamentry trusts
- inherited dwellings.
Karen is a manager with Edwards Marshall.
Current at 6 April 2009 Current at 18 May 2009