Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)
Schedule 1 Build to rent developments
Taxation Administration Act 1953
25 Application of amendments
(1) The amendments of section 43-145 of the Income Tax Assessment Act 1997 made by this Schedule apply to capital works begun after 7:30 pm, by legal time in the Australian Capital Territory, on 9 May 2023.
(2) The amendment of section 12-450 in Schedule 1 to the Taxation Administration Act 1953 made by this Schedule applies to an amount:
(a) that is referable to a payment of rental income made on or after 1 July 2024; or
(b) that is, or is attributable, to a capital gain, or part of a capital gain, from a CGT event that happens on or after 1 July 2024.
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