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COMMONWEALTHAct
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s 128-15

Effect on the legal personal representative or beneficiary

In force
Chapter 3Specialist liability rules
Part 3-3Capital gains and losses: special topics
Division 128Effect of death

128-15 Effect on the legal personal representative or beneficiary

The rule in item 3 in the table in subsection 128‑15(4) of the Income Tax Assessment Act 1997 (about a dwelling that was your main residence just before you died and was not being used for the purpose of producing assessable income) does not apply to a dwelling that devolved to your legal personal representative, or passed to a beneficiary in your estate, on or before 7.30 pm, by legal time in the Australian Capital Territory, on 20 August 1996.

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Section 128-15 — Effect on the legal personal representative or beneficiary — Income Tax (Transitional Provisions) Act 1997 (Commonwealth) — Barrister AI