Rob G.
Thanks for that. You sound liyou're a very competent tax lawyer .
Once upon a time I was familiar with the old s.160ZZQ provisions (around the time the CGT legislation came out) but I have little idea about 1997 legislation.
There must be a lot of work around for tax lawyers in...
Rob G (I just got into austlii).
OK...I see that is fine in relation to the May 1996 income producing....but is it fine in relation to the March 1999 income producing or am I taken to have acquired the property at its market value (for the purposes of CGT calculation) in March 1999...
Just read note 1 and 2 to ATO Interpretative Decision
ATO ID 2003/1113.
"Not happy Jan".
I've now also had a look at related interpretative decision ATO ID 2003/1112
http://law.ato.gov.au/atolaw/view.htm?locid='AID/AID20031112'&PiT=99991231235958
which suggests (at least in my...
I have a similar situation....purchased Redfern mid 1993...lived there for 3 years till mid 1996...went overseas and rented elsewhere (no other main residence)...lived again in Redfern house from early 1998-March 1999 then moved out again (and have continued to rent elsewhere).
My...
