Private ruling: Commissioner's discretion - deceased estate
Date of advice: 13 May 2022
Published: August 2022
Ruling period: The year ending 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: 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? | A1: Yes.

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