Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)
Schedule 1 CGT adjustments
Part 3 Other amendments
Income Tax Assessment Act 1997
77 Section 152-1
Omit all the words after "against your capital gains", substitute "and quarantined amounts to first reduce your capital gains (under steps 1 to 4) before you can use those 3 concessions to further reduce them".
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