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Edited version of private advice
Authorisation Number: 1051981895053
Date of advice: 13 May 2022
Ruling
Subject: Commissioner's discretion - deceased estate
Question
Will the Commissioner allow an extension of time for you to dispose of your ownership interest in the (the property) and disregard the capital gain or loss you made on the disposal?
Answer
Yes.
This ruling applies for the following period:
The year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
The sale of the dwelling was delayed due to factors outside of your control.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 118-195