Special report on new tax legislation

On 30 March, the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 was granted Royal assent and passed into law.

A special report on the new legislation is now available and provides early information on:

• land-related amendments (including the extension to the bright-line test)
• feasibility expenditure
• purchase price allocation
• unclaimed money, and
• other changes.

Comprehensive coverage of the new Act will be published in an upcoming edition of the Tax Information Bulletin.