- Presentations, Technical Resource
- Aged care
Technical Summit 2023
The rising cost of living and housing crisis has led families to rethink the role of the family home – with all eyes on how it can create a housing solution across the generations. This workshop is a technical session that explored the role of the home in aged care and the impact that family arrangements can have for the older parent. This included strategies such as:
- Options for home care and implications for advice
- Selling the family home to family at below market value, with older parents downsizing (including downsizer contributions)
- Younger family members taking an ownership stake in an older parent’s home
- Granny flat rights
- Kids moving in when older parents move out.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association