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Showing 1 - 2 of 2 results for "Income Tax Assessment Act"

Foreign resident CGT discount on renewable assets takes shape

KARREN VERGARA  |  MONDAY, 13 APR 2026  |  NEWS
... broadens and clarifies the definition of TARP and introduces a definition of real property into the Income Tax Assessment Act 1997 that forms part of the definition of TARP. Treasury is taking submissions for the two sets of reforms until April 24.

Government seeks to exclude tobacco, gambling from R&D subsidies

RIDDHIMA TALWANI  |  FRIDAY, 12 DEC 2025  |  NEWS
... activities being eligible for research and development (R&D) tax incentives. Treasury is looking to amend the Income Tax Assessment Act 1997 to exclude the incentives for years starting 1 July 2025 as they have the potential to cause public harm. Treasury ...
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