• What kinds of income or profits are specified as designated concession income?

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    The following types of income or profits are designated concession income:

    • capital gains which are exempt from tax in a broad-exemption listed country
    • interest, royalties, shipping income or offshore income that is subject to a reduction of tax in a broad-exemption listed country
    • income or profits derived by an entity, where the entity is of a type specified in the regulations. A list of these entities is shown at attachment B.
    Last modified: 05 Dec 2006QC 17522