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INCOME TAX ASSESSMENT ACT 1997 - SECT 768.1

What this Subdivision is about

If:

       (a)     an Australian corporate tax entity receives a foreign equity distribution from a foreign company, either directly or indirectly through one or more interposed trusts or partnerships; and

      (b)     the Australian corporate tax entity holds a participation interest of at least 10% in the foreign company;

the distribution is non-assessable non-exempt income for the Australian corporate tax entity.

Table of sections

Foreign equity distributions on participation interests

768-5        Foreign equity distributions on participation interests

768-7        Foreign equity distributions entitled to a foreign income tax deduction

768-10      Meaning of foreign equity distribution

768-15      Participation test--minimum 10% participation

Foreign equity distributions on participation interests



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