Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS  

Division 61 - Generally applicable tax offsets  

Subdivision 61-G - Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007  

Operative provisions

SECTION 61-215   Reallocation of the private health insurance tax offset between spouses  

61-215(1)    
You can make a choice under this section in relation to the income year if:


(a) you are a *PHIIB in respect of the premium or amount; and


(b) on the last day of the income year, you are married (within the meaning of the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999 ; and


(c) the individual to whom you are married is also a PHIIB in respect of the premium or amount; and


(d) the individual to whom you are married has not made a choice under this section in relation to the income year.

Note:

If you make a choice under this section, you might be liable to pay an amount under section 282-18 of the Private Health Insurance Act 2007 (Liability for excess private health insurance premium reduction or refund).


61-215(2)    
If you make a choice under this section in relation to the income year:


(a) the amount (if any) of the *tax offset for the income year under section 61-205 in respect of the premium or amount of the individual to whom you are married is reduced to nil; and


(b) your tax offset for the income year under that section in respect of the premium or amount is increased by that amount.

61-215(3)    
A choice under this section in relation to the income year can only be made in your *income tax return for the income year.

61-215(4)    
A choice under this section in relation to an income year has effect for all premiums, or amounts in respect of premiums, paid during the income year.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.