Tax Laws Amendment (2010 Measures No. 5) Act 2011 (61 of 2011)
Schedule 3 Extending CGT exemption for certain compulsory acquisitions
Income Tax Assessment Act 1997
1 At the end of section 118-100
Add:
There is a similar exemption for a CGT event that is a compulsory acquisition (or similar arrangement) happening to adjacent land but not also to the dwelling itself.
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