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12 Jul 12 Clarification of the tax treatment of native title payments

The ATO advises that on 6 June 2012, the Attorney-General announced that the government will amend the tax legislation to make it clear that native title payments and other benefits are not subject to income tax (which includes capital gains tax).

Specifically, the tax reforms will make it clear that a payment or non-cash benefit provided under the Native Title Act, or under an agreement made under an Australian law to the extent that that payment or benefit relates to native title, will not be subject to income tax.

 


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