INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 207 - Effect of receiving a franked distribution  

Subdivision 207-B - Franked distribution received through certain partnerships and trustees  

SECTION 207-25   What this Subdivision is about  


This Subdivision deals with an entity that receives a benefit of a franked distribution where:

  • (a) the distribution is made to a partnership or the trustee of a trust; and
  • (b) the benefit is received either directly or through other interposed partnerships or trusts.
  • The distribution is regarded as flowing indirectly to the entity under this Subdivision.

    On the basis of a notional amount of the entity's share of the distribution, the entity may be entitled to have an amount included in its assessable income and/or a tax offset under this Subdivision.


    View surrounding sectionsView surrounding sectionsBack to top


    This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.