Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 10E
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PDFs (pooled development funds)
(a) SME assessable income (see section 124ZT );
(b) other assessable income (see subsection (2)). 124ZY(2) Other assessable income.
(a) so much of the company's non-CGT assessable income of the year of income as is not included in the company's SME assessable income of the year of income; and
(b) any assessable income allocated to the company's other assessable income under section 124ZZB .
Subdivision C
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Adjustments of the tax treatment of capital gains and capital losses of PDFs
SECTION 124ZY
CLASSES OF ASSESSABLE INCOME
124ZY(1)
Classes.
The classes of assessable income of the company are as follows:
(a) SME assessable income (see section 124ZT );
(b) other assessable income (see subsection (2)). 124ZY(2) Other assessable income.
The company's other assessable income of the year of income is the sum of:
(a) so much of the company's non-CGT assessable income of the year of income as is not included in the company's SME assessable income of the year of income; and
(b) any assessable income allocated to the company's other assessable income under section 124ZZB .
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