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Recorded Webinars

Recorded Webinar: Granny Flat Arrangements: Best Practice Advice and Structuring

Older Australians are increasingly looking into multigenerational living arrangements with their children as a viable alternative to residential aged care. These types of arrangements are only likely to increase in popularity following the Federal Government’s legislation granting

Date/Time

About the Webinar

Older Australians are increasingly looking into multigenerational living arrangements with their children as a viable alternative to residential aged care. These types of arrangements are only likely to increase in popularity following the Federal Government’s legislation granting a targeted CGT exemption for granny flat arrangements. This session looks at best practice advice and structuring of so-called “granny flat” options to achieve family harmony and maximise the tax benefits, including:

  • Is a granny flat arrangement right for your client? Helping them analyse the benefits and disadvantages
  • Structuring the arrangement:
    • Contribution percentage
    • Title, ownership and rights issues
    • Gift or loan
  • Unpacking the new CGT exemption
  • What needs to be in the formal, written agreement to qualify?
  • Anticipating the risks of family disputes, financial troubles and relationship breakdowns and building in safeguards
  • What happens if the parent needs to go into aged care?
  • Making sure the arrangement is factored into estate planning through wills and other instruments
  • Recent cases

Presented By

Dung Lam
Principal, West Garbutt Sydney, NSW

Dung is a principal lawyer of West Garbutt, based in Sydney. Dung has two decades of experience in advising on a wide variety of taxes including income tax, capital gains tax, GST and NSW state taxes such as duty, payroll tax and land tax. Dung also has extensive experience advising on the taxation trusts, superannuation issues in the self-managed superannuation funds arena and tax issues related to estate planning.

Dung provides clients with tax legal services and solutions. She works with clients and their advisers to devise tax effective strategies to undertake acquisitions and disposals of assets and businesses, business restructures, domestic and international business expansions, and business and personal succession planning. Dung also acts for clients in negotiations and disputes with Australian revenue authorities. She has managed ruling applications, tax risk reviews, tax audits, tax objections, voluntary disclosures, tax litigation and tax debt negotiations.

Clients whom Dung has assisted include corporates, high-net wealth individuals and families, and their advisers.

Dung regularly presents on tax and superannuation matters to accounting and tax discussion groups and recognised bodies such as the Tax Institute, Legalwise and the Television Education Network.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim 1.25 CPD/Training hours. Lawyers can claim 1.25 CPD units/points – substantive law . WA lawyers – under your CPD rules we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

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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