Thanks Paul. I think that sounds correct. However, I'm not sure about the sales proceeds amount you've used. 2005 - $500,000 (MV based on...
Terry - Why is the period treated as one 11 yr period ? i.e. from 2005 to 2016. Subsec 118-145(2) - "you are entitled to another maximum period...
Note 1 refers to apportionment. I.e. where the renting continues after the 6 yr absence period ends. I.e. so if its 8. Only the first 6 would be...
Hi Terry, Thanks. But according to this ATO example below, the first 6 yr period should covered in under the absence rule. But only 6/8 years will...
Hi Paul, Thanks for your response. 1. During both absence periods, I was in rental accommodation. 2. Yes. You are correct. It will be...
Hi guys, Can you please shed your view on the below scenario? This is essentially the view of my accountant. But wouldn’t mind a second opinion....
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