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Live Webinars

Live Webinar: Tax Implications of Early Inheritances versus Post-Death Asset Transfers

With high cost of living pressures and housing prices are proving challenging, early inheritances are a way for parents to pass on their assets to the next generation and see the benefits of the gift in their own lifetime. So, from a tax perspective, what difference does it make w

Date/Time

Wednesday 26th February 2025
Vic, NSW, ACT, Tas: 1:30pm to 2:30pm
Qld: 12:30pm to 1:30pm
SA: 1pm to 2pm
NT: 12pm to 1pm
WA: 10:30am to 11:30am

About the Webinar

With high cost of living pressures and housing prices are proving challenging, early inheritances are a way for parents to pass on their assets to the next generation and see the benefits of the gift in their own lifetime. So, from a tax perspective, what difference does it make whether assets are realised pre or post a parent’s death? This session explores the question, including:

  • A comparison of the tax implications of an investment property sale pre death and in the course of administering an estate
  • Transferring a property to a family member pre death or in accordance with a will – what are the tax differences?
  • Are there stamp duty or land tax implications if:
    • a property title is transferred from parents to a family member to live in?
    • a property is used by a family member and subsequently transferred to them in accordance with a will
  • The tax consequences of entering into a formal agreement with a family member to use a property financed by parents:
    • if the property will be subsequently transferred to the family member (ATO ID 2005/216), and
    • how to calculate CGT event B1 if triggered
  • Parents plan to knockdown home and subdivide, building new home on one block and a residence for adult child on second block:
    • What are the tax, including land tax, implications if the property remains in the name of the parents?
    • What are the tax and stamp duty implications if the title to the second block is transferred to the adult child?
    • Could main residence exemption be lost from date of original purchase to date original dwelling ceased to be occupied? (Sec. 118-150(5) ITAA 1997)

Presented By

Briony Hutchens
Partner, Finlaysons Lawyers Adelaide, SA

Briony Hutchens is a partner in the tax and revenue section of Finlaysons Lawyers in Adelaide. She is widely recognised and highly regarded as a senior tax specialist, and whilst her expertise is predominately in tax, she has wider depth and experience across broader commercial matters, including estates and succession planning.

Briony works with the other members of the Commercial & Tax teams to combine technical expertise, commercial experience and innovative solutions to assist our clients to meet their commercial objectives whilst satisfying their legal needs.

She acts on behalf of a wide range of clients including individuals through to small-to-medium enterprises and advises on all aspects of commercial transactions, ranging from one-off, large and complex matters to those encountered on a daily basis as well as the structuring of businesses and conduct of taxation disputes for both state and federal taxes.

As a Chartered Tax Advisor with a Masters of Taxation, Briony is experienced in advising on most areas of State and Federal taxes. She has extensive experience in commercial transactions, including structuring, business sales and acquisitions, estate planning, trusts and other issues encountered in wealth management.  She has been awarded Best Lawyers Lawyer of the Year in South Australia for Wealth Planning and Succession Management in both 2022 and 2024 as well as being recognised for her skills in trusts and estates.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Certificate

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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