[o1 for o1 in table1.objects.all() if o1.id not in [o2.id for o2 in table2.objects.filter(id=some_parm)]]
Or better
not_in_ids = [obj.id for obj in table2.objects.filter(id=some_parm)]
selected_objects = [obj for obj in table1.objects.iterator() if obj.id not in not_in_ids]