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-C
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How big is your averaging adjustment?
Guide to Subdivision 392-C
SECTION 392-60 What this Subdivision is about
View history note
Hide history noteSECTION 392-60 What this Subdivision is about
This Subdivision explains how to work out the amount of the averaging adjustment of your income tax for the current year (whether it is a tax offset or is used by the Income Tax Rates Act 1986 to set the rate at which you must pay extra income tax).
| 392-65 | What your averaging adjustment reflects |
| Your gross averaging amount | |
| 392-70 | Working out your gross averaging amount |
| Your averaging adjustment | |
| 392-75 | Working out your averaging adjustment |
| How to work out your averaging component | |
| 392-80 | Work out your taxable primary production income |
| 392-85 | Work out your taxable non-primary production income |
| 392-90 | Work out your averaging component |
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