Capital Gains Tax exemption will help protect against elder abuse
Protection of older Australians against financial elder abuse will be made easier with the planned removal of Capital Gains Tax (CGT) on granny flat arrangements where a formal written agreement exists. Many older Australians do not protect their interests with family members when providing money for shared living arrangements. Instead of a written agreement, they have a verbal agreement to provide assets or money to younger family members in exchange for ongoing care in […]