Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Estate planning Succession 2018

Issues with life estates

Source: QLD

Published Date: 19 Jul 2018

 

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

Subscribe Now

Already a Subscriber? Login now

This paper covers:

  • life estate " an estate in land that endures until the death of the person upon whom it is conferred or some specified person (purautre vie)
  • most often created by will
  • a common trigger for CGT liability is surrender of a life estate
  • application of CGT to life estates before TR 2006/14 was very uncertain
  • how CGT rules apply generally to deceased estates
  • TR 2006/14 and PS LA 2003/12
  • examples illustrating application of TR 2006/14
  • surrender of interest in main residence
  • application of rules to more complex estates.
Author(s)

Individual Session

Issues with life estates

Author(s): Michael Flynn KC, CTA-Life
Materials from this session:

Download

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

Estate planning Succession 2018

Share this page