Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 328.445

Residency requirement

                   For the purposes of paragraph 328-430(1)(e), the residency requirement for an entity is that:

                     (a)  if the entity is an individual or a company--the entity is an Australian resident; or

                     (b)  if the entity is a trust--it is a * resident trust for CGT purposes; or

                     (c)  if the entity is a partnership (other than a * corporate limited partnership)--at least one of the partners is an Australian resident; or

                     (d)  if the entity is a corporate limited partnership--it is, under section 94T of the Income Tax Assessment Act 1936 , a resident for the purposes of the * income tax law.

Consequences of a roll-over under this Subdivision



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