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

40   Paragraph 115-215(4)(a)

Omit "if the relevant trust gain was reduced under step 3 of the method statement in subsection 102-5(1) - ", substitute "if the relevant trust gain is a *discount capital gain (disregarding section 115-20) - ".