INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 302 - Superannuation death benefits paid from complying plans etc.  

Subdivision 302-B - Death benefits to dependant  

Superannuation income stream - deceased died aged under 60 and dependant aged under 60

SECTION 302-75   Superannuation income stream - taxable component attracts 15% offset  

302-75(1)  
The *taxable component of a *superannuation income stream benefit that you receive because of the death of a person of whom you are a *death benefits dependant is assessable income if:


(a) you are under 60 when you receive the benefit; and


(b) the deceased died aged under 60.

Note:

For taxable component , see Subdivision 307-C .

302-75(2)  
You are entitled to a *tax offset equal to 15% of the *taxable component of the benefit.


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