Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 26
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Some amounts you cannot deduct, or cannot deduct in full
Operative provisions
SECTION 26-26
Non-share distributions and dividends
26-26(1)
A company cannot deduct under this Act:
(a) a * non-share distribution; or
(b) a return that has accrued on a * non-share equity interest.
26-26(2)
A company cannot deduct a * dividend paid on an * equity interest in the company as a * general deduction under this Act.
View history note
Hide history noteA company cannot deduct under this Act:
(a) a * non-share distribution; or
(b) a return that has accrued on a * non-share equity interest.
26-26(2)
A company cannot deduct a * dividend paid on an * equity interest in the company as a * general deduction under this Act.
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