Miscellaneous 2022

Main residence exemption: is it the devil or an angel in the details?

Source: Victoria

Published Date: 21 Jul 2022

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

A person's main residence in many cases is their most significant asset. The tax concessions available on a main residence are arguably the most generous in the tax legislation. However, in some cases, actions, inactions, or wrong decisions can result in the main residence exemption being lost in whole or part. Against this background, and in the context of the main residence exemption, the presenters address:
  • Deriving income from a main residence
  • Demolishing and rebuilding
  • Relationship breakdowns
  • Asset protection
  • Succession and deceased estate issues and;
  • Foreign residents

Individual Session

Main residence exemption: is it the devil or an angel in the details?

Author(s): Edward Hennebry , Neil Brydges CTA

Author Profile
Neil Brydges CTA

Author Profile
Edward Hennebry

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2022

Share this page