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Edited version of private advice
Authorisation Number: 1051778110289
Date of advice: 12 November 2020
Ruling
Subject: Capital gains tax
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:
Question
Are you entitled to the full main residence exemption under section 118-110 of the Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
No
Relevant legislative provisions
Income Tax Assessment Act 1997 section 118-100
Income Tax Assessment Act 1997 section 118-135