Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Private
residential property (except property held in trust) that is owned by an
individual is exempt for 2 consecutive assessment years if —
(a) the
commencement date for the refurbishment of the private residence that forms
part of the property is —
(i)
in the first assessment year; or
(ii)
in any previous financial year and part of the
refurbishment is carried out in the first assessment year;
and
(b) the
completion date for the refurbishment is in the second assessment year; and
(c) at
midnight on 30 June immediately before the first assessment year, the
private residence was unoccupied, but only because the individual had ceased
occupation, or had not taken up occupation, to enable the private residence to
be refurbished; and
(d) the
individual is the first occupant of the private residence since the
refurbishment; and
(e) the
individual uses the private residence as his or her primary residence during
the second assessment year.
(2) However, the
property is not exempt if —
(a) the
individual or any other person derived any income from the property in the
period between the beginning of the first assessment year and the time when
the property was reoccupied; or
(b) any
other private residential property owned by the individual is exempt for
either assessment year under another provision of this Division as a result of
its use by the individual as his or her primary residence.
(3) The individual may
apply for the exemption in the approved form after the commencement date for
the refurbishment.
(4) The individual
must notify the Commissioner in the approved form of —
(a) the
completion date for the refurbishment; and
(b) when
the individual occupies the private residence.
(5) The Commissioner
is to make any reassessment necessary to give effect to this section.
[Section 25A inserted by No. 31 of 2006
s. 22.]