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Consultation — PCG 2019/5: The Commissioner’s discretion to extend the two-year period to dispose of dwellings acquired from a deceased estate

The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office (ATO) as part of the consultation and review of Practical Compliance Guideline PCG 2019/5: The Commissioner’s discretion to extend the two-year period to dispose of dwellings acquired from a deceased estate (PCG).

Broadly, the PCG has provided a practical and useful guide for taxpayers seeking clarity around the operation and application of s 118-195 of the Income Tax Assessment Act 1997 (ITAA 1997). The PCG is a valuable resource and has enabled the administration of many estates to be undertaken in a more timely and cost effective manner.

However, there are some areas that we consider could be further improved.

Submission prepared by:

The Tax Institute

Submitted to:

Tax Practitioner Stewardship and Forums
Engagement and Support | Individuals and Intermediaries
Australian Taxation Office

For more information, contact:

Robyn Jacobson
Senior Advocate, The Tax Institute
03 9603 2008

Published: 8 December 2021