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The Main Residence Exemption Web Series

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An in-depth look at the problem areas and the issues that arise in practice

Managing complex situations
Opportunities you can’t afford your clients to miss

A Live Instructor Led 2-Part Web Series

Property is in the ATO’s sights, specifically whether taxpayers are paying the right amount of tax on a property transaction.

The main residence exemption rules can become very complex very quickly. Using real life scenarios, we explore the myths surrounding the exemption and the many concessions and opportunities contained within the provisions that you need to be aware of to minimise tax liabilities for your clients.

Many practitioners and clients are also discovering that recent changes to the rules have increased the level of complexity associated with applying this exemption and can lead to some very unfavourable tax outcomes for clients unless the situation is managed carefully.

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AU $330 members
AU $395 non-members

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AU $870 members
AU $985 non-members

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Total 2.5 CPD Hours (est.)

Dates & Details

Recorded

Thursday, 27 February 2025
Thursday, 6 March 2025

 

 *Office Registrations. Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

This practical webinar series debunks many of the myths surrounding the exemption and covers a wide range of real-life scenarios that practitioners encounter when trying to apply the exemption for their clients.

What's included?

  • 2 x 1.25 hour (est.) webinars
  • 3 month access to Q&A embedded webinar recording - so don't worry if you can't make all of the live dates
  • Reference notes
1

Session 1

February 27, 2025

We look at the fundamental concepts that practitioners need to understand to be able to apply the rules accurately including:

  • How to determine whether a client has established a property as their main residence and records that should be kept by clients
  • Common situations which prevent access to a full exemption
  • When the exemption can extend to land and other structures on the property
  • How to apply the 6 month overlap rule
  • The impact of using a property to earn income, including for short term rental purposes
  • Applying the absence rule and when the 6 year period can be reset
  • How to work through the rules dealing with dwellings that are being constructed or renovated and the limitations that can impact on the effectiveness of this concession

with Rae Ni Corraidh

2

Session 2

March 6, 2025

We look at more complex situations that tend to arise in this area including:

  • When clients are treated as if they have reacquired their property for CGT purposes and the impact that this has on tax calculations
  • How to apply the relatively recent changes that impact on non-residents
  • Options for applying the exemption when individuals become spouses and have multiple properties that could qualify
  • Calculating the capital gain or loss when a partial exemption applies
  • Working through the special rules that apply to inherited properties

with Michael Carruthers

Our presenters

Tax Director, Knowledge Shop

Michael Carruthers

ProfileMichaelCarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He was a long-term member of the advisory panel for the Board of Taxation and was 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.

Tax Adviser, Knowledge Shop

Rae Ni Corraidh

Rae RoundRae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios. She has a genuine passion for helping practitioners find a solution to the tax problems that their clients face (and sometimes unwittingly cause).

She understands the challenges faced by practitioners and brings a wealth of practical experience to Knowledge Shop workshops and webinars to ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.

Rae holds a Masters in Commerce specialising in tax and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.

Terms & Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Knowledge Shop Pty Ltd's written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Knowledge Shop Pty Ltd may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Knowledge Shop Pty Ltd reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Knowledge Shop Pty Ltd directly, with all requests to be considered on a case by case basis by Knowledge Shop Pty Ltd in its absolute discretion.

The General Terms and Conditions can be accessed here.