Income tax: capital gains : how is a capital gain or loss determined if a dwelling has been occupied as a sole or principal residence for part only of the period of ownership?

Taxation Determination TD 92/134 explains how a capital gain or loss is determined under subsection 160ZZQ(16) of the Income Tax Assessment Act 1936 (ITAA 1936) if a dwelling has been occupied as a sole or principal residence for only part of the period that it was owned.

Subsection 160ZZQ(16) of the ITAA 1936 was rewritten as section 118-185 of the Income Tax Assessment Act 1997 (ITAA 1997). The example included in section 118-185 of the ITAA 1997 clarifies how the capital gain or loss is worked out in such cases.

The Determination is therefore no longer necessary and is withdrawn.