INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 768 - Foreign non-assessable income and gains  

Subdivision 768-A - Returns on foreign investment  

SECTION 768-1   What this Subdivision is about  


If:

  • (a) an Australian corporate tax entity receives a foreign equity distribution from a foreign company, either directly or indirectly through one or more interposed trusts or partnerships; and
  • (b) the Australian corporate tax entity holds a participation interest of at least 10% in the foreign company;
  • the distribution is non-assessable non-exempt income for the Australian corporate tax entity.


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