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

11   At the end of section 118-185

Add:

(3) However, this section does not apply if, at the time the *CGT event happens, you:

(a) are an *excluded foreign resident; or

(b) are a foreign resident who does not satisfy the *life events test.