The Main Residence Exemption Web Series - Part 2
Recorded 12 March 2026. Navigate complex property scenarios with confidence, from income-producing homes to estates and non-resident clients, master the main residence exemption rules and minimise tax risks.
Managing complex situations
Opportunities you can’t afford your clients to miss out on
Recorded 12 March 2026
Property transactions are on the ATO’s radar. The ATO wants to ensure that taxpayers are paying the right amount of tax on these transactions and that CGT exemptions or concessions are being applied correctly. When there is a lot of tax at stake, expect the ATO to pay more attention.
Many practitioners have discovered that the main residence exemption rules can become very complex, very quickly. Recent changes to the rules have also increased the level of complexity involved in applying this exemption and clients can be faced with some very unfavourable tax outcomes unless the situation is managed carefully.
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.
Part 2: Managing more complex situations
The application of the main residence exemption becomes even more complex in situations where properties are used to produce income, when family groups have multiple properties that could potentially qualify for the exemption, when dealing with non-resident clients and when properties pass from a deceased individual to their estate or beneficiaries.
The aim of this session is to give practitioners confidence when approaching more complex client scenarios, providing a framework for applying the exemption and modified rules that might need to be considered.
Total 1.25 CPD Hours
- Explain when the ‘home first used to produce income rule’ applies and the practical impact this has on CGT calculations;
- Understand how the exemption applies in situations where spouses hold multiple properties that could potentially qualify as a main residence;
- Understand the impact that an individual’s tax residency status has on their ability to access the exemption;
- Explain when the ‘life events’ exception can be used by non-residents to access the exemption; and
- Understand how the main residence exemption applies to deceased estates and beneficiaries.
Michael Carruthers
Tax Director, Knowledge Shop
Michael 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.
The Main Residence Exemption Web Series - Part 2
Tax & Accounting
1.25 hours | 1 modules
Investment per person:
$215.00
+ GST
Team cost:
$545.00
+ GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1.25 hrs
FS
SMSF
Tax Accounting
General