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INCOME TAX ASSESSMENT ACT 1997 - SECT 380.13

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

                   For the purposes of sections 380- 14 to 380-30 (which apply if a partnership or the trustee of a trust derives NRAS rent), for each * NRAS dwelling:

                     (a)  from which the electing member * derived * NRAS rent during the * NRAS year; and

                     (b)  that is covered by the * NRAS certificate; and

                     (c)  from which a partnership, or the trustee of a trust, that is a * member of the * NRAS consortium derived rent during the NRAS year;

treat the following proportion of the NRAS rent as being NRAS rent derived during the NRAS year by the member mentioned in paragraph (c):

where:

"member's rent" has the same meaning as in subsection 380-12(2).

"total rent" has the same meaning as in subsection 380-12(2).



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