Treasury Laws Amendment (2021 Measures No. 4) Act 2021 (72 of 2021)

Schedule 3   Exempting granny flat arrangements from CGT

Income Tax (Transitional Provisions) Act 1997

3   After Division 136

Insert:

Division 137 - Granny flat arrangements

Table of Subdivisions

137-A - Granny flat arrangements

Subdivision 137-A - Granny flat arrangements

Table of sections

Operative provisions

137-10 Applicable CGT events

Operative provisions

137-10 Applicable CGT events

Division 137 of the Income Tax Assessment Act 1997 applies in relation to events:

(a) that happen on or after the commencement of that Division; and

(b) that, apart from that Division, would be CGT events;

(whether the arrangements to which the events relate were entered into before, on or after that commencement).