Description:
Don't Call it a Granny Flat!
Presenter: Tony Cahill
We are seeing an increase in parties considering cross-generation living arrangements (commonly if quaintly referred to as "granny flats"). Almost invariably these are well-intentioned. All too frequently they are entered into informally and without thinking through all the complexities and the numerous ways of structuring what is proposed. In this session Tony Cahill will discuss some of the key issues, including
* titling and tenure options
* fixed vs movable improvements pros and cons
* planning considerations
* any land tax implications?
* possible impact on pension entitlements - the dangers of gifting
* disengaging from the arrangements (what if it goes wrong?)- either contractually or via other paths |