Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 61.775

Amount of the ESVCLP tax offset--trustees

                   If subsection 61-760(3) applies, the amount of the * tax offset for the income year is the difference between:

                     (a)  what would, under section 61-765, have been the amount of the tax offset to which the trust would have been entitled if it had been an individual; and

                     (b)  if * members of the trust are entitled to tax offsets under subsection 61-760(2) arising from the same contributions from which the trustee's entitlement arises under subsection 61-760(3)--the sum of the amounts, under section 61-770, of those tax offsets.

Guide to Division 63



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