Private residential property owned by the executor or administrator of an individual’s estate is exempt for the assessment year following the financial year in which the individual died if
- the executor or administrator is the owner of the property at midnight 30 June in the financial year in which the individual died and
- the individual’s primary residence was, or would have been, exempt if they had owned the property and had been using it as their primary residence on 30 June before their death and
- the estate of the deceased person does not derive any rent or other income from the property between the date of the individual’s death and the end of the assessment year.
Notify the Commissioner within three months after the end of the assessment year if rent or other income is subsequently derived from the property to enable a reassessment of eligibility for the exemption.
Any continued exemption will be to the same extent as the exemption previously allowed.
