EV 1052033503321currentnon-binding advice

CGT - deceased estate The Commissioner was asked a

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

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.