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Recorded Webinars

Recorded Webinar: Main Residence Tax Issues in Estate Planning

Though there is widespread awareness of the CGT main residence exemption, there are traps and hazards with the main residence which can trip up clients and advisers. This session uses the following practical examples to work through the tax implications:
PRESENTED BY Michael Butler Tax and Revenue Partner - Finlaysons , Adelaide

Date/Time

About the Webinar

Though there is widespread awareness of the CGT main residence exemption, there are traps and hazards with the main residence which can trip up clients and advisers. This session uses the following practical examples to work through the tax implications:

  • Taxpayer’s interests in the property have pre-CGT and post-CGT components

  • Taxpayer acquired interests in the residence at different times and with different cost bases

  • There has been a period of non PPR use - the 6-year safe harbour

  • The surviving spouse resides in the property but is an at-risk individual and the preference is for the main residence to be held by another entity - is it possible to keep PPR? Use of life interest or right to occupy; using a testamentary trust

  • The main residence is owned by surviving spouse who is absent (for example, in a nursing home) for an indefinite period of time

  • Main residence is inherited equally by multiple children but not PPR for all of them

Presented By

Michael Butler
Tax and Revenue Partner, Finlaysons Adelaide, SA

Michael Butler is a Tax & Revenue Partner at Finlaysons Lawyers in Adelaide.

Michael has spent over 35 years working solely in taxation law – he is a true specialist in his field.  His deep experience in tax law means he can provide advice that considers each client’s unique situation and suggest tax-effective options and solutions to help clients achieve their commercial goals. 

Michael’s expertise at state, federal and international levels includes income tax, capital gains tax, GST, Wine Equalization Tax (WET), fuel tax credits and carbon tax, as well as stamp duty, payroll tax and land tax.  Michael also has extensive experience advising on international taxation matters, including Australian taxpayers investing and carrying on business offshore.

Michael's expertise is acknowledged in Best Lawyers Australia 2022 for Tax Law, Superannuation Law, Trusts & Estates, and Wealth Management/Succession Planning Practices; including as 2022 Lawyer of the Year in Trusts & Estates.

Michael has been also listed in Doyle’s Guide as a Pre-eminent SA Tax Lawyer, with Finlaysons listed as a First Tier SA Tax Law Firm.

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.

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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