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Granny Flat Forum

Speakers: Glen Penno, David Davis, Tony Culberg

Digital content

  • Audio Part 1
  • Audio Part 2 and 3
  • Papers
  • Video (USB or DVD)

Description

Granny Flat Arrangements and Residential Aged Care
Legal, Financial Planning and Accounting Perspectives

This session also looks at recent aged care law reform

CPD Points: 2.5 (Category Guide: 1 PS, .5 E, 1 SL)


Speakers and Topics:

Glen Penno, the financial planning perspective

Principal, Hillross North Hobart Financial Planners Hobart, Tasmania    

Glen Penno’s discussion on granny flat rights and residential aged care will include:

  • Granny flat rights, social security law and the test of reasonableness
  • Staying at home
  • Levels of residential aged care
  • Accessing subsidised aged care
  • Choosing the right service
  • The annual costs of residential aged care
  • Age Pension / Service Pension impacts and eligibility
  • The value of financial advice
  • Practical case studies / examples

 

David Davis, the legal perspective
Principal, David Davis & Associates, Melbourne, Victoria 

This session includes:

  • How the term “granny flat” can mean different things for clients, builders, local councils, the ATO and Centrelink
  • Using family agreements to clarify granny flat issues - tips and traps
  • Issues involving granny flat arrangements when viewed by:

o   The ATO and accountants (tax including CGT and GST)

o   Centrelink (deprivation and gifting)

o   Clients, lawyers, Financial planners and accountants (estate planning, wills and deceased estates)             

  • What to look out for if arrangements break down
  • Practical case studies / examples

 

Tony Culberg, OAM, FIPA, on tax considerations

Tony Culberg has a B.Com in Accounting and Financial Management from the University of New South Wales. 
He is currently a Fellow of the IPA, a Public Practitioner and a Registered Tax Agent.  He was formerly a Head Teacher in Accounting with TAFE for 15 years, and served on the Executive Council of Taxpayers Australia Inc for many years.  He also has presented on tax issues on ABC Radio since 1989.  

 

Chair: Sam McCullough, Director, Worrall Lawyers 

$88.00 ex GST