Document ID: chunk:federal_register_of_legislation:C2007A00055:clause:1_25
Version: federal_register_of_legislation:C2007A00055
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 17269–17914

25  Subparagraphs 152‑20(2)(b)(i) and (ii)
Repeal the subparagraphs, substitute:
 (i) assets being used solely for the personal use and enjoyment of the individual, or the individual's *small business CGT affiliate (except a *dwelling, or an *ownership interest in a dwelling, that is the individual's main residence, including any adjacent land to which the main residence exemption can extend because of section 118‑120); and
 (ii) except for an amount included under subsection (2A), the *market value of a dwelling, or an ownership interest in a dwelling, that is the individual's main residence (including any relevant adjacent land); and