Special Tax Topics 2024-25 - I’ve sold the house, the ATO says that it’s on revenue account!

Your client sold their family home three times in the last decade without leaving the postcode, claiming the main residence exemption each time.

$113.64

non-member : $136.36

Description

Recently, the ATO issue a Decision Impact Statement on Bowerman's case; does this represent a change in tactics by the ATO?

On successful completion of this session, participants should be able to:

Identify when the tax issues upon selling the family home
Display an appreciation of the mathematical interface between S.6-5 and CGT through S.118-20
State the GST issues regarding the sale of the family home
State the tax ramifications of a developer changing their sales tactics

This session forms part of the Special Tax Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun.

These sessions will:

Ensure you get the critical knowledge you need while minimising your time out of the office.
Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
Help you avoid any possible traps and pitfalls
Give you answers to the questions most relevant to you

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.

Presenter