Business Travel Tax Deduction
The Main Residence Trust (MRT) provides at risk individuals with the opportunity to better protect their home from potential creditors without losing the benefit of the main residence CGT exemption or attracting bankruptcy clawbacks.
The MRT is a special purpose trust under which the at risk individualis granted a legal interest in the home which is sufficient to attract the application of the main residence CGT exemption. If the home is sold in the future, the sale can be structured so that the CGT exemption can be indirectly applied.