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
77B At the end of subsection 152-10(1AA)
Add:
Note 2: Disregard the $2 million threshold in paragraph (b) for working out the availability of the small business 50% reduction mentioned in Subdivision 152-C (see subsection 152-205(2)).
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