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

30   Subsection 128-15(4) (cell at table item 3, column headed "For this kind of CGT asset:")

Repeal the cell, substitute:

A *dwelling that was your main residence just before you died if:

(a) the dwelling was not then being used for the *purpose of producing assessable income; and

(b) you were not then an *excluded foreign resident