Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Act 2019 (129 of 2019)

Schedule 1   Capital gains tax changes for foreign residents

Part 1   Main residence exemption

Income Tax Assessment Act 1997

15   Subsection 118-200(2) (after paragraph (a) of the definition of non-main residence days)

Insert:

(aa) if the deceased acquired the ownership interest on or after 20 September 1985 and, just before the deceased's death, the deceased was an *excluded foreign resident - the number of remaining days in the deceased's ownership period; and