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  • Exemption for certain Second World War payments



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

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    The government has introduced legislation into parliament to exempt Australian residents from income tax and CGT on all Second World War compensation payments received on or after 1 July 2001 where the payment relates to suffering from a wrong or injury and/or property loss through persecution (or flight from persecution).

    Last modified: 04 Mar 2016QC 27527