Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 380
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National Rental Affordability Scheme
Subdivision 380-A
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National Rental Affordability Scheme Tax Offset
NRAS certificates issued to individuals, corporate tax entities and superannuation funds
SECTION 380-5 Claims by individuals, corporate tax entities and superannuation funds
Entitlement
380-5(1)
An entity is entitled to a * tax offset for an income year if:
(a) the * Housing Secretary issues an * NRAS certificate in relation to an * NRAS year to the entity (other than in the entity ' s capacity (if any) as the * NRAS approved participant of an * NRAS consortium); and
(b) the income year begins in the NRAS year; and
(c) the entity is an individual, a * corporate tax entity or a * superannuation fund.
Amount
380-5(2)
The amount of the entity ' s * tax offset is the amount stated in the * NRAS certificate.
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Hide history noteSECTION 380-5 Claims by individuals, corporate tax entities and superannuation funds
Entitlement
380-5(1)
An entity is entitled to a * tax offset for an income year if:
(a) the * Housing Secretary issues an * NRAS certificate in relation to an * NRAS year to the entity (other than in the entity ' s capacity (if any) as the * NRAS approved participant of an * NRAS consortium); and
(b) the income year begins in the NRAS year; and
(c) the entity is an individual, a * corporate tax entity or a * superannuation fund.
Amount
380-5(2)
The amount of the entity ' s * tax offset is the amount stated in the * NRAS certificate.
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