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

Schedule 1   CGT adjustments

Part 3   Other amendments

Income Tax Assessment Act 1997

77B   At the end of subsection 152-10(1AA)

Add:

Note 2: Disregard the $2 million threshold in paragraph (b) for working out the availability of the small business 50% reduction mentioned in Subdivision 152-C (see subsection 152-205(2)).