The legislation articulating the main residence absence rule is only 175 words in length, and looks simple enough, until real life gets in the way and you need to test it against a wide array of client scenarios.
The main residence exemption, and in particular the application of the absence rule, is always a hot topic on Knowledge Shop’s help desk.
The Applying the Main Residence Exemption Absence Rule: What Accountants Are Asking white paper brings together the top questions and answers and shares the knowledge on the issues practitioners face when applying the absence rule in practice across key themes:
- Does the absence rule apply?
- When a client moves or returns from overseas
- What influences the absence rule
Published 16 November 2023