In the 2009-10 Federal Budget, the government announced changes to the taxation of special disability trusts extending the CGT main residence exemption to include a residence that is owned by the trustee of a special disability trust and used by the principal beneficiary as their main residence. The start date for the extension of the CGT main residence exemption was proposed to be effective from 1 July 2009.
In the 2011-12 Federal Budget, the government announced that it would backdate the start date for the CGT main residence exemption to apply for CGT events on and after 1 July 2006. Other changes were also announced.
The ATO has now published the administrative treatment it will apply as a result of the retrospective changes.