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  • Modifications to capital gains tax provisions


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The modifications to the capital gains tax provisions - see section 4 - that provide for the removal of the exemption for assets acquired before 20 September 1985 do not apply in working out the net income of a trust. Consequently, the capital gains tax provisions apply to assets acquired by a trust after 19 September 1985.

    Last modified: 05 Dec 2006QC 18000