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INCOME TAX ASSESSMENT ACT 1997 - SECT 380.1

What this Division is about

This Division provides a tax offset to certain entities as a result of certificates issued under the National Rental Affordability Scheme Act 2008 .

It also ensures that payments made, and non-cash benefits provided, by a State or Territory governmental body in relation to the National Rental Affordability Scheme are not assessable income and not exempt income.

Table of sections

NRAS certificates issued to individuals, corporate tax entities and superannuation funds

380-5        Claims by individuals, corporate tax entities and superannuation funds

NRAS certificates issued to NRAS approved participants

380-10      Members of NRAS consortiums--individuals, corporate tax entities and superannuation funds

380-11      Elections by NRAS approved participants

380-12      Elections by NRAS approved participants--tax offsets

380-13      Elections by NRAS approved participants--special rule for partnerships and trustees

380-14      Members of NRAS consortiums--partnerships and trustees

NRAS certificates issued to partnerships and trustees

380-15      Entities to whom NRAS rent flows indirectly

380-16      Elections by NRAS approved participants that are partnerships or trustees

380-17      Elections by NRAS approved participants that are partnerships or trustees--tax offsets

380-18      Elections by NRAS approved participants that are partnerships or trustees--special rule for partnerships and trustees

380-20      Trustee of a trust that does not have net income for an income year

380-25      When NRAS rent flows indirectly to or through an entity

380-30      Share of NRAS rent

Miscellaneous

380-32      Amended certificates

NRAS certificates issued to individuals, corporate tax entities and superannuation funds



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