Bright-line Test – Update and FAQs

Description

On 29 March 2018, the bright-line test was extended from two to five years.  nsaTax has been fielding numerous queries from clients on the practical application of these complex rules.  In this webinar, Amanda Martin will discuss recent changes to the bright-line test, real life scenarios and questions we have considered.

We will look at:

• How to know when the bright-line test applies;
• The extension of the bright-line period from two to five years;
• Measuring the bright-line period;
• Nominations of sale and purchase agreements;
• The main home exemption and how it applies to trusts;
• What happens when there is a change of trustee;
• Partnerships and LTC's.
• Relationship property transfers

This webinar is an hour long with a 15 minute Q&A session.