Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Subdivision 210-F - Rules affecting the allocation of venture capital credits  

Operative provisions

SECTION 210-81   Distributions to be franked with venture capital credits to the same extent  

210-81(1)    
If a *PDF *franks a *distribution with a venture capital credit, it must frank each other distribution made under the same resolution with a venture capital credit worked out using the same venture capital percentage.

210-81(2)    
The venture capital percentage for a *distribution is worked out using the formula:

Amount of the *venture capital credit                             on the distribution                             Maximum franking credit for the distribution

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