Protecting the family home - Gift and loan back arrangement Many business owners personally hold real property in their own name. The principal place of residence capital gains tax (CGT) exemption often drives the decision to have the family home held by individuals. The downside to this arrangement is that if an individual is faced with bankruptcy, they could lose their family home and other assets held personally. Transferring real property to other legal entities will trigger stamp duty and potentially CGT, so often a restructure is not a commercially feasible solution. Many smart couples decide that only one of them should hold the family home in their name. This frees up the other partner to undertake entrepreneurial activities, knowing that the family...