INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 230 - Taxation of financial arrangements  

Subdivision 230-H - Exceptions  

SECTION 230-480   Treatment of gains in form of franked distribution etc.  

230-480(1)  
This section applies if a gain you make from a *financial arrangement is in the form of:


(a) a *franked distribution (including a franked distribution that *flows indirectly to you); or


(b) a right to receive a franked distribution (including a franked distribution that will flow indirectly to you).

230-480(2)  
This Division does not apply to the gain to the extent that the *franked distribution has a *franked part.


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