INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 392 - Long-term averaging of primary producers' tax liability  

Subdivision 392-B - What kind of averaging adjustment must you make?  

How to work out the comparison rate

SECTION 392-55   392-55   Work out the comparison rate  


Work out the comparison rate using the formula:


Income tax on *average income, as
    worked out under section 392-50    
*Average income


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