- Date
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30 May 2002
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1997
, Income Tax Assessment Act 1936
and Income Tax (Transitional Provisions) Act 1997
to amend the thin capitalisation regime; Income Tax Assessment Act 1997
to: insert a capital gains tax roll-over for a trust restructuring into a company; and introduce statutory caps on the effective life for the calculation of the declined value of depreciating assets; and Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
to provide certain tax exemptions for temporary residents. Also contains application and transitional provisions.