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

28   Paragraph 115-100(a)

Repeal the paragraph, substitute:

(a) 50% if section 115-102 (about new residential dwellings) applies to the gain; or

(aa) 50% if:

(i) the gain is made by an individual from a *CGT event happening before 1 July 2027; and

(ii) neither section 115-105 nor 115-110 (about foreign or temporary residents) applies to the gain; or

(ab) 50% if:

(i) the gain is made by a trust (other than a trust that is a *complying superannuation entity) from a *CGT event happening before 1 July 2027; and

(ii) section 115-120 (about foreign or temporary residents) does not apply to the gain; or