Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Act 2019 (129 of 2019)
Schedule 1 Capital gains tax changes for foreign residents
Part 1 Main residence exemption
Income Tax Assessment Act 1997
30 Subsection 128-15(4) (cell at table item 3, column headed "For this kind of CGT asset:")
Repeal the cell, substitute:
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A *dwelling that was your main residence just before you died if: (a) the dwelling was not then being used for the *purpose of producing assessable income; and (b) you were not then an *excluded foreign resident |