Session details

Session 6.2: The main residence exemption - tips, traps, trips and tricks

Speaker: Neil Brydges, CTA, Sladen Legal

The CGT main residence exemption is a significant but deceptively complex concession, with many ways it can be gained, or inadvertently lost due to demolition, death, or absence.

This session will consider:

  • The significance of “adjacent land” for primary producers
  • Keeping the exemption when demolishing or subdividing the family home
  • When one dwelling can be two CGT assets
  • Planning for sea and tree changers with 2 dwellings
  • Impacts of death and inheritance
  • Absences, especially for foreign residents; and
  • Implications of the increasing use of main residences to derive income through modern work practices and “side hustles”.