Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Act 2017 (132 of 2017)
Schedule 2 Contributing the proceeds of downsizing to superannuation
Income Tax Assessment Act 1997
2 After section 290-165
Insert:
290-167 Contribution must not be a downsizer contribution
You cannot deduct the contribution if it is a contribution that is covered under section 292-102 (about downsizer contributions).
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
