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The house could be deemed to be your dad's main residence where absent and tenanted under s.118-145. You need to discuss the CGT and income tax position with an estate planner who specialises in tax and also international issues.

Assuming: 1) A post-CGT asset of the deceased; and 2) Not wholly used (or deemed) as an exempt main residence by the deceased at time of death It already is a 'taxable asset'. You will inherit the deceased's cost base and reduced cost base. Therefore you will inherit a dwelling...