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Edited version of private advice
Authorisation Number: 1052026267325
Date of advice: 25 August 2022
Ruling
Subject: Taxable Australian real property
Question 1
Are the Assets of XXXX XXXX 'real property situated in Australia' and therefore taxable Australian real property for the purpose of section 855-20 of the Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
No