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-I - First child tax offset (baby bonus)  

Amount of a first child tax offset

SECTION 61-425   Component of formula - total of the entitlement days  

61-425(1)  


In section 61-415 , the total of the entitlement days is the total number of days for which the primary person (see subsection (3)) had a *primary entitlement to a *tax offset under either or both of sections 61-355 and 61-440 for the child for the income year.

61-425(2)  


In addition, if:


(a) the relevant *child event happened in the primary person ' s *base year; and


(b) the primary person did not transfer the entitlement under section 61-385 for the primary person ' s base year; and


(c) the relevant child turns 5 during the income year;

the total of the entitlement days also includes the number of days in the base year for which the primary person had a primary entitlement to a *tax offset under either or both of sections 61-355 and 61-440 for the child.

61-425(3)  
In this section, the primary person is:


(a) if you are claiming the offset as a person who has a *primary entitlement to the offset for the child - you; or


(b) if you are claiming the offset as a transferee under section 61-400 - the transferor.


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