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Treasury Laws Amendment (Removing the Widows and Spouses Tax) Bill 2026
Before Senate, still liveCurrently before the Senate. Last action: second reading moved on 13 Aug 2026.
STAGE 2 OF 13 — SECOND READING MOVED (SENATE)
Summary
Amends the Income Tax Assessment Act 1997 to preserve grandfathered access to negative gearing and the 50 per cent capital gains tax discount where an asset passes from joint ownership to sole ownership as a result of divorce, relationship breakdown or the death of a joint owner.
Text of Bill
First reading
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