Deceased Estates and CGT: Key Challenges

“Deceased Estates and CGT: Key Challenges” equips you to confidently navigate the complex world of capital gains tax implications for inherited properties. Advising on property sales from deceased estates is rarely straightforward, with subtle nuances often leading to significant compliance risks and unexpected tax liabilities. This course, led by experienced CPA Sue Davy, moves beyond basic rules to provide practical insights and real-world case studies, empowering you to make sound judgment calls and mitigate financial exposure.

You will gain the expertise to:

• Determine main residence CGT exemption applicability in deceased estate scenarios.
• Apply CGT rules to properties held under joint ownership or as tenants in common.
• Understand and leverage the ATO’s safe harbor provisions for critical time extensions.
• Accurately calculate partial capital gains when full exemptions do not apply.
• Recognize how subdivision, demolition, and state duties can trigger significant CGT events.

Structured into six comprehensive modules, this course builds your knowledge from foundational exemptions and joint ownership scenarios to advanced topics like the two-year rule, safe harbor conditions, partial capital gains calculations, and the intricate tax implications of property development, subdivision, and demolition. Concluding with a capstone case study, you'll integrate all learned concepts to tackle realistic, multi-faceted challenges. By mastering these key challenges, you’ll confidently provide accurate, compliant advice, ensuring peace of mind for your clients.