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
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