Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 392
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Long-term averaging of primary producers
'
tax liability
Subdivision 392-B
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What kind of averaging adjustment must you make?
Guide to Subdivision 392-B
SECTION 392-30 What this Subdivision is about
View history note
Hide history noteSECTION 392-30 What this Subdivision is about
This Subdivision explains how to work out whether you are entitled to a tax offset for the current year or whether you must pay extra income tax for the current year.
| Tax offset or extra income tax | |
| 392-35 | Will you get a tax offset or have to pay extra income tax? |
| How to work out the comparison rate | |
| 392-40 | Identify income years for averaging your basic taxable income |
| 392-45 | Work out your average income for those years |
| 392-50 | Work out the income tax on your average income at basic rates |
| 392-55 | Work out the comparison rate |
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