Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 360.5

What this Subdivision is about

You may be entitled to a tax offset if you are, or a trust or partnership of which you are a member is, issued with certain kinds of equity interests in a small Australian company with high-growth potential that is engaging in innovative activities.

A modified CGT treatment may also apply to those equity interests.

Table of sections

Operative provisions

360-10      Object of this Subdivision

360-15      Entitlement to the tax offset

360-20      Limited entitlement for certain kinds of investors

360-25      Amount of the tax offset--general case

360-30      Amount of the tax offset--members of trusts or partnerships

360-35      Amount of the tax offset--trustees

360-40      Early stage innovation companies

360-45      100 point innovation test

360-50      Modified CGT treatment

360-55      Modified CGT treatment--partnerships

360-60      Modified CGT treatment--not affected by certain roll-overs

360-65      Separate modified CGT treatment for roll-overs about wholly-owned companies or scrip for scrip roll-overs

Operative provisions



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