Tax Laws Amendment (2006 Measures No. 1) Act 2006 (32 of 2006)
Schedule 1 Foreign source income exemptions for temporary residents
Part 2 Other amendments
Income Tax Assessment Act 1997
23 Section 109-55 (after table item 15)
Insert:
|
15A |
You are a temporary resident, you then cease to be a temporary resident (but remain, at that time, an Australian resident) and you owned a CGT asset that you acquired on or after 20 September 1985 and that did not have the necessary connection with Australia |
when you cease to be a temporary resident |
section 768-955 |