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
23 At the end of subsection 118-218(1)
Add:
Note: This section may not apply if the principal beneficiary of the trust is a foreign resident (see subsection (5)).
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