Tax Laws Amendment (2006 Measures No. 4) Act 2006 (168 of 2006)
Schedule 4 CGT and foreign residents
Part 3 Consequential amendments
Income Tax Assessment Act 1936
22 Subsection 406(3)
Repeal the subsection, substitute:
(3) In determining whether a CGT asset is taxable Australian property, disregard the residency assumption.
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