Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 210
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Venture capital franking
Subdivision 210-D
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Amount of the venture capital credit on a distribution
SECTION 210-55
What this Subdivision is about
View history note
Hide history noteThe amount of the venture capital credit on a distribution is that stated in the distribution statement, unless the amount exceeds the franking credit on the distribution.
In that case, the amount of the venture capital credit on the distribution is taken to be the same as the franking credit.
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