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The Tax Institute Submission | Exempting Granny Flat Arrangements from CGT

Published on 03 May 21 by THE TAX INSTITUTE

The Tax Institute would like to make a submission to Treasury in relation to the Exposure Draft material designed to provide a targeted capital gains tax (CGT) exemption for certain granny flat arrangements. The Exposure Draft material includes the Treasury Laws Amendment (Measures for Consultation) Bill 2021: Exempting granny flat arrangements from CGT (Bill) and the accompanying Exposure Draft Explanatory Materials (EM).

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The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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