Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 207
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Effect of receiving a franked distribution
Subdivision 207-F
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No gross-up or tax offset where the imputation system has been manipulated
Guide to Subdivision 207-F
SECTION 207-140
What this Subdivision is about
View history note
Hide history noteThis Subdivision creates the appropriate adjustment to cancel the effect of the gross-up and tax offset rules where the entity concerned has manipulated the imputation system in a manner that is not permitted under the income tax law.
| Operative provisions | |
| 207-145 | Distribution that is made to an entity |
| 207-150 | Distribution that flows indirectly to an entity |
| 207-155 | When is a distribution made as part of a dividend stripping operation? |
| 207-157 | Distribution washing |
| 207-158 | Distributions entitled to a foreign income tax deduction |
| 207-160 | Distribution that is treated as an interest payment |
| 207-165 | (Repealed by No 83 of 2004) |
| 207-170 | (Repealed by No 83 of 2004) |
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