Tax Laws Amendment (2006 Measures No. 4) Act 2006 (168 of 2006)
Schedule 4 CGT and foreign residents
Part 3 Consequential amendments
Income Tax Assessment Act 1997
72 Subsection 128-15(4) (after table item 3)
Insert:
|
3A |
If you were a foreign resident just before you died - an asset that was not *taxable Australian property just before you died, except one covered by item 2 |
the *market value of the asset on the day you died |
the market value of the asset on the day you died |