Special report on the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021
This special report provides early information on new legislation in the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021, enacted on 30 March 2021.
The report covers:
- 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 was published in the July 2021 edition of the Tax Information Bulletin (Vol 33 No 6).
This special report was first published on 9 April 2021. A corrected version was published on 28 April 2021.