Coleman Greig Lawyers
Peter is in his 32nd year of superannuation, taxation and estate planning solutions. Many clients, large and small, have business and family wealth succession plans that are operating today, which were first developed 27 years ago under Peter's guidance. He is a former lecturer in the Masters of Taxation, Laws and Financial Planning degrees at the University of Western Sydney, and has presented to the ATO, ASIC and a variety of other acronym organisations. In 2015, Peter was awarded SME Tax Adviser of the Year by The Tax Institute.
A testamentary life interest allows an individual to leave their share of their main residence to their children, while allowing the surviving partner to remain in the main residence for as long as they wish.
However, needs change over time, and sometimes a testamentary life interest will need to be brought to an early end.
This session focuses on the CGT consequences of surrender of a testamentary life interest, including: