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

59   Subsection 995-1(1)

Insert:

minimum tax capital gain has the meaning given by section 119-5.

minimum tax gap amount has the meaning given by subsection 119-10(2).