Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-10
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FINANCIAL TRANSACTIONS
Division 245
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Forgiveness of commercial debts
Subdivision 245-F
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Special rules relating to partnerships
Guide to Subdivision 245-F
SECTION 245-200 What this Subdivision is about
View history note
Hide history noteSECTION 245-200 What this Subdivision is about
Any part of a partnership ' s total net forgiven amount left over after applying it under Subdivision 245-E is divided between the partners. Each partner treats the partner ' s share as a net forgiven amount the partner has for the income year.
| Operative provisions | |
| 245-215 | Unapplied total net forgiven amount of a partnership is transferred to partners |
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