Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
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Exemptions
Subdivision 118-B
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Main residence
Dwellings acquired from deceased estates
SECTION 118-197 118-197 Special rule for surviving joint tenant
This Subdivision applies to you as if the *ownership interest of another individual in a *dwelling had *passed to you as a beneficiary in a deceased estate if:
(a) you and the other individual owned ownership interests in the dwelling as joint tenants; and
(b) the other individual dies.
View history note
Hide history noteSECTION 118-197 118-197 Special rule for surviving joint tenant
This Subdivision applies to you as if the *ownership interest of another individual in a *dwelling had *passed to you as a beneficiary in a deceased estate if:
(a) you and the other individual owned ownership interests in the dwelling as joint tenants; and
(b) the other individual dies.
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