The Currency (Restrictions on the Use of Cash) Bill 2019 has been passed by the House of Representatives. The Bill establishes the cash payment limit and introduces offences for entities that make or accept cash payments of $10,000 or more from 1 January 2020. These offences protect the integrity of the taxation law and other …
The government has introduced Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 to implement capital gains tax (CGT) measures aimed at improving housing affordability, including the removal of the CGT main residence exemption for foreign residents. These measures were first announced in the 2017/18 Federal Budget and were contained in a 2018 …
Housing affordability bill introduced – foreign resident cgt main residence exemption Read More »