(1) The amount of the notional tax offset under section 961-60 is reduced in accordance with subsection (2) if:
(a) paragraph 961-55(1)(a) applies during only part of the year; or
(b) paragraph 961-55(1)(c) does not apply because of subsection 961-55(2).
(2) The amount of the notional tax offset is reduced to an amount that, in the Commissioner's opinion, is a reasonable apportionment in the circumstances, having regard to the matters referred to in paragraphs (1)(a) and (b).
Table of Subdivisions
974-B Debt interests
974-C Equity interests
974-D Common provisions
974-E Non-share distributions by a company
974-F Related concepts
Guide to Division 974