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

Schedule 1   CGT adjustments

Part 1   Main amendments

Income Tax Assessment Act 1997

35   Paragraph 115-125(4)(a)

Repeal the paragraph, substitute:

(a) either:

(i) 50% if neither section 115-105 nor 115-110 (about foreign or temporary residents) applies to the *discount capital gain; or

(ii) the *discount percentage that, apart from this section, would result from section 115-115 if section 115-105 or 115-110 applies to the discount capital gain; and