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Edited version of private advice
Authorisation Number: 1052033503321
Date of advice: 5 October 2022
Ruling
Subject: CGT - deceased estate
The Commissioner was asked a question about exercising his discretion under subsection 118-195(1) of the Income Tax Assessment Act 1997 (ITAA 1997) to allow an extension of time to the two-year period to dispose of a dwelling.
The Commissioner has ruled on the question.