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 session addresses:
- Deriving income from a main residence
- Demolishing and rebuilding
- Relationship breakdowns
- Asset protection
- Succession and deceased estate issues; and
- Foreign residents.