SME Toolbox 4 - Main Residence - Making sure you quantify

Using a case study based approach, this session will explore the following:

• What taxpayers need to do to ensure that they have a main residence
• Subdivision and partitions and considers the key points that need to be worked through when considering subdividing the family home
• Renting out your residence – opportunities and pitfalls with regards to the 6 year rule
• Rules for spouses
• Changing your main residence
• The partial main residence rules
• How the main residence exemption interacts with other CGT provisions.