Private ruling: Capital gains tax
Date of advice: 16 November 2017
Published: April 2018

Ruling: Q1: If a gain is made on a disposal of the taxpayer’s property, will the gain be made on capital account? | A1: Yes | Q2: If the answer to question 1 is yes, will the capital gain made by the taxpayer on the disposal of the property be disregarded under the main residence exemption in section 118-110(1) of the Income Tax Assessment Act 1997 (ITAA 1997)? | A2: Yes




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. | The commissioner has ruled on the following: