- Date
-
23 Jun 2010
- Chamber
-
House of Representatives
- Status
-
Not Proceeding
-
Portfolio
-
Treasury
- Summary
-
Amends the:
A New Tax System (Goods and Services Tax) Act 1999
in relation to certain third party payment adjustments; Income Tax Assessment Act 1997
in relation to: the capital gains tax (CGT) treatment of water entitlements and termination fees; foreign currency gains and losses; certain takeovers and mergers qualifying for CGT scrip for scrip rollover; and the list of deductible gift recipients; Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
, Tax Laws Amendment (2010 Measures No. 1) Act 2010
and Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009
in relation to: taxation of financial arrangements; and debt/equity rules; Income Tax Assessment Act 1936
to: increase the threshold above which a taxpayer may claim the net medical expenses tax offset; and commence annually indexing the threshold to the Consumer Price Index; and Income Tax Assessment Act 1997
and Income Tax (Transitional Provisions) Act 1997
to extend access to tax deductible donations to all volunteer based emergency services, including volunteer fire brigades.