12‑452 Meaning of residential dwelling a12‑452 Meaning of residential dwelling asset

#### 12‑452 Meaning of residential dwelling asset (1) A residential dwelling asset is an asset that: (a) is a \*dwelling; and (b) is \*taxable Australian real property; and (c) is \*residential premises (other than \*commercial residential premises); and (d) is not a dwelling that: (i) is used primarily to provide specialist disability accommodation (within the meaning of the National Disability Insurance Scheme (Specialist Disability Accommodation Conditions) Rule 2018); and (ii) is enrolled in accordance with section 6 of that Rule; and (e) is not a dwelling that: (i) is used primarily to provide disability accommodation; and (ii) is a dwelling of a kind prescribed by the regulations for the purposes of this subparagraph. (2) Section 118‑120 (Extension to adjacent land) applies in relation to this section in the same way as it applies in relation to Subdivision 118‑B. (3) To avoid doubt, for the purposes of applying section 118‑120 in relation to this section, a \*dwelling’s \*adjacent land may include land used primarily for private or domestic purposes in association with the dwelling and with one or more other dwellings.