Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 208 - Exempting entities and former exempting entities  

Subdivision 208-E - Distributions to be franked with exempting credits to the same extent  

Operative provisions

SECTION 208-95   208-95   Exempting percentage  


The exempting percentage for a *frankable distribution is worked out using the formula:


Amount of the *exempting credit
                on the distribution                
*Maximum franking credit for
the distribution
× 100


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