Peter Bobbin, CTA

Peter Bobbin, CTA

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.

All Sessions by Peter Bobbin, CTA

11:00 am - 12:00 pm

Session 28.1: CGT implications of the surrender of life interest

SME Stream

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:

  • What is a life interest?
  • Ways property may be dealt with after the surrender, and the relevant CGT events, and
  • Situations where the CGT main residence exemption will not be available.