Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 208 - Exempting entities and former exempting entities  

Subdivision 208-E - Distributions to be franked with exempting credits to the same extent  

Operative provisions

SECTION 208-95  

208-95   Exempting percentage  

The exempting percentage for a *frankable distribution is worked out using the formula:

Amount of the *exempting credit                 on the distribution                 *Maximum franking credit for the distribution

×

100