Published on 01 Apr 99
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The Tax Law Improvement Bill (No 2) 1997 officially applies from 1/7/98. Those who are not familiar with the existing CGT (Capital Gains Tax) provisions or who are new to the profession, will find the rewritten provisions a lot easier to understand. The Main Residence Exemption was a major part of the redrafted provisions. The much improved structure is highlighted by the style of placing general first followed by the more specific rules that apply to specific taxpayers.
Current at 19 November 2004
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