In forceAmending Act
Income Tax Rates Amendment (Tax Reform No. 1) Act 2026
Act No. 50 of 2026 · Assented 26 June 2026
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In brief
Amends the Income Tax Rates Act 1986, adding a rate for extra income tax on a taxpayer's "minimum tax capital gain" as defined in income tax assessment law.
Who's affected
- Taxpayers with capital gains
- Tax agents and accountants
- Australian Taxation Office
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