On 13 Nov 2019 the Senate Standing Committee for the Scrutiny of Bills issued ‘Scrutiny Digest 8 of 2019’ covering the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 – Schedule 1 of which would cut ‘non-residents’ loose when disposing of their ‘main residence’. The Committee was critical of its retrospectivity, but unfortunately, not in the substantive respect that counts. See related Tax Technical articles about the ‘Passage of the Bills‘ and an ‘AFR article‘ about the measure.

See below for an extract from the Digest 8 and a discussion on the more offensive aspect of this measure.

[Tax Month – November 2019]

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