Document ID: chunk:federal_register_of_legislation:C2019A00129:clause:1_32
Version: federal_register_of_legislation:C2019A00129
Segment Type: clause
Provision Reference: sch 1 cl 32
Character Range: 10257–11284

32  Before section 118‑195
Insert:

118‑110  Foreign residents
 (1) None of the amendments made by Part 1 of Schedule 1 to the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Act 2019 apply in relation to a capital gain or capital loss you make from a CGT event if:
 (a) the CGT event happens on or before 30 June 2020; and
 (b) you held an ownership interest in the dwelling to which the CGT event relates throughout the period:
 (i) starting just before 7.30 pm, by legal time in the Australian Capital Territory, on 9 May 2017; and
 (ii) ending just before the CGT event happens.
 (2) For the purposes of paragraph (1)(b), treat the ownership interest in the dwelling as having been held by you during a time during which the interest was held by:
 (a) in relation to sections 118‑195 to 118‑210 of the Income Tax Assessment Act 1997—the deceased or the trustee of the deceased estate; or
 (b) in relation to sections 118‑215 to 118‑230 of that Act—the trustee of the special disability trust.