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-C - Residency requirements for the general rule  

SECTION 207-65   Satisfying the residency requirement  

207-65(1)  
This Subdivision sets out the residency requirements that must be satisfied by an individual or a corporate tax entity that receives a franked distribution, if the franking credit on the distribution is to be included in that entity ' s assessable income, or the entity is to be entitled to a tax offset, under the general rule.

207-65(2)  
It does not impose a residency requirement on other entities, because the significance of residency for those entities is dealt with elsewhere in this Act.

207-65(3)  
It does not impose a residency requirement where a distribution flows indirectly to an entity. This is also because the significance of residency is dealt with elsewhere, for the most part in Divisions 5 and 6 of Part III of the Income Tax Assessment Act 1936 .


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.