Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 137-10 Meaning of key terms 137-10(1)
An individual holds a granny flat interest in a *dwelling under an *arrangement if the individual has a right to occupy the dwelling for life that has been conferred by the arrangement.
137-10(2)
An individual is eligible for a granny flat interest at a particular time if: (a) the individual reached *pension age at or before that time; or (b) the individual:
(i) needs, because of a disability, assistance to carry out most day-to-day activities; and
(ii) is likely to continue to need that assistance, because of that disability, for at least 12 months after that time.
137-10(3)
This Subdivision applies: (a) to a *dwelling ' s *adjacent land in a corresponding way to the way Subdivision 118-B applies to the adjacent land; or (b) to an *adjacent structure of a flat or home unit in a corresponding way to the way Subdivision 118-B applies to the adjacent structure.
Note:
Subsections 118-120(1) and (5) provide that Subdivision 118-B (about main residences) applies to adjacent land and adjacent structures as if they were a dwelling.
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