Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)
Schedule 1 CGT adjustments
Part 2 Minimum rate of tax on capital gains
Income Tax Assessment Act 1997
55 Section 4-25 (before the note)
Insert:
Note 1: Subsection 119-10(1) increases some individuals' tax liability by requiring them to pay extra income tax in relation to certain capital gains.
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