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    <title>Budget updates 2019 - CORPORATE &amp; BUSINESS TAXATION</title>
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    <description>Proposals extend the 100% deduction for approved housing projects under Section 80-IBA by one year to approvals up to March 31, 2020, effective April 1, 2020; extend the nil annual-value notional rent exemption under Section 23 from one year to two years, effective the same date; and amend Section 54 to allow rollover of long-term capital gains into up to two residential houses once per taxpayer, subject to a specified capital gains limit, effective April 1, 2020.</description>
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      <description>Proposals extend the 100% deduction for approved housing projects under Section 80-IBA by one year to approvals up to March 31, 2020, effective April 1, 2020; extend the nil annual-value notional rent exemption under Section 23 from one year to two years, effective the same date; and amend Section 54 to allow rollover of long-term capital gains into up to two residential houses once per taxpayer, subject to a specified capital gains limit, effective April 1, 2020.</description>
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