Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 1   CGT adjustments

Part 2   Minimum rate of tax on capital gains

Income Tax Assessment Act 1997

55   Section 4-25 (before the note)

Insert:

Note 1: Subsection 119-10(1) increases some individuals' tax liability by requiring them to pay extra income tax in relation to certain capital gains.