House of Representatives
Taxation Laws Amendment Bill (No. 6) 1989
Taxation Laws Amendment Act 1990
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon. P.J. Keating, M.P.)TABLE OF CONTENTS
PAGE | |
---|---|
General Outline | 3 |
Financial Impact | 6 |
Main Features | 6 |
Notes on Clauses | 21 |
Measures | Main Features | Notes on Clauses |
---|---|---|
Amendment of Income Tax Assessment Act 1936 | ||
Capital gains tax | ||
Deemed disposal of assets | 6 | 39,40,59,90 |
Reductions of capital gains | 7 | 42,90 |
Traditional Securities | 7 | 45 |
Consideration for disposal and acquisition | 8 | 46,47,90,91 |
Indexation | 9 | 48,90 |
Return of Capital | 9 | 50,91 |
Capital Loss Transfers | 10 | 51,91 |
Rights and Options | 10 | 55,91 |
Convertible notes | 11 | 56 |
Asset Transfer Roll-overs | 11,12 | 59,61,91 |
Strata Title and Association Incorporations | 13 | 68,92 |
Principal residence exemption | 14 | 74,91 |
Section 160ZZT | 16 | 87,91 |
Double dipping | 17 | 21,38,51 |
Research and Development | 18 | 29,39,90,94 |
Veteran carer's pension | 19 | 26,90 |
Approved actuary definition | 20 | 28,90,92 |
Gift provisions | 20 | 37,90 |
Payment of interest provisions | 20 | 89 |
Amendment of the Industry Research and Development Act 1986 | 20 | 94 |
* Main notes on clauses commence on this page
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