Dealing with Inherited Property Webinar

How to minimise tax liabilities & maximise the concessions

Tuesday 17 September 2019

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The ATO’s new safe harbour concession for inherited property
Step-by-step guide to calculating capital gains and losses
Concessions to minimise tax liabilities

While many practitioners and clients are familiar with the key concepts that apply under the main residence exemption rules, a different process needs to be followed when dealing with property that has been inherited through a deceased estate.

Unfortunately, some clients end up paying more tax than they really need to because no one realised how generous the concessions could actually be. This webinar shows you how to minimise tax liabilities and maximise the concessions for clients who inherit property through a deceased estate.

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What we cover

This practical session covers:

  • The differences when dealing with pre-CGT vs post-CGT properties that pass to beneficiaries of a deceased estate
  • How to determine whether a full exemption is available on sale
  • Using the 6 year absence rule for inherited property
  • Calculating gains and losses under the partial exemption rules


  • Applying the ATO’s new safe harbour concession for inherited property
  • How the result can be different depending on whether the property is sold by the executor or a beneficiary of the estate, and
  • Special small business CGT concession rules that can apply to inherited property

     

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Our Presenter

Michael Carruthers

Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group’s national tax committee.

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy

Michael is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Tuesday 17 September 2019

12:00pm - 1:15pm AEST in ACT, NSW, QLD, TAS & VIC
11:30am SA & NT | 10:00am WA

Members

  • $195 Individual access
  • $350 Office access*
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Non-Members

  • $235 Individual access
  • $390 Office access*
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).