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Recorded Webinars

Recorded Webinar: The Tax Consequences for the Family Home After Death

For many deceased estates, the major asset is the deceased’s main residence, being a CGT asset with a difference due to the various emotions and memories that may be attached. Determining whether there are any tax consequences for this asset will depend on a number of variables, w
PRESENTED BY Craig Spink Principal - Spink Legal , Brisbane

Date/Time

About the Webinar

For many deceased estates, the major asset is the deceased’s main residence, being a CGT asset with a difference due to the various emotions and memories that may be attached. Determining whether there are any tax consequences for this asset will depend on a number of variables, which this session explores, including:

  • Does the history of use of a main residence matter?
  • How the CGT main residence rules interact with:
    • section 118-145 ITAA 1997, if main residence use ceases pre death
    • moving into an aged care facility pre death and maintaining home ownership
  • the two year rule, including:
    • the relevant dates to use
    • when the period may be extended
  • How the CGT cost base rules apply to a main residence, including:
    • the situations where historical ongoing ownership costs may be required
  • Why the residency status of the deceased matters
  • When the will grants a beneficiary a right to reside
  • Applying the rules for a main residence on land in excess of two hectares
  • Practical examples of CGT implications based on the various usage of a main residence post death

Presented By

Craig Spink
Principal, Spink Legal Brisbane, QLD

Craig has been an estate and commercial lawyer for over 15 years including 6 years as Principal of Spink Legal. Craig’s practice focusses on estate planning, administration and litigation, Court proceedings including will interpretation actions, preparation of commercial agreements including shareholder agreements and business succession agreements for professional practices.

In addition to his role as Principal of Spink Legal, Craig is the Managing Director of Invaulta, a Brisbane based software company providing an online safe custody solution for lawyers and their clients.

Who Should Attend?

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

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

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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