The Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 – Schedule 2, will amend the ITAA 1997 to prevent partners claiming Div 152 Small Business CGT Relief when assigning all or part of their partnership interest – with effect for CGT events after budget time in 2018 (8 May 2018). See related Tax Technical article about the whole of the Bill.
See below for the proposed amendments and relevant portions of the Explanatory Memorandum.
FJM 17.8.19
