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

18   At the end of section 118-205

Add:

(4) Add to the component non-main residence days in the formula the number of days in the period applicable under subsection (2) that the *dwelling was the main residence of an individual who:

(a) owned the dwelling; and

(b) was an *excluded foreign resident;

just before the individual's death.