Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 355 - Research and Development  

Subdivision 355-J - Application to R & D partnerships  

SECTION 355-530   355-530   Implications for partner ' s aggregated turnover  


For the purposes of section 355-100 (tax offsets for R & D), if:


(a) an *R & D entity is a partner of an *R & D partnership at some time during an income year; and


(b) the partner ' s *aggregated turnover for the income year does not include the R & D partnership ' s *annual turnover for the income year;

the partner ' s aggregated turnover for the income year includes the *partner ' s proportion of the R & D partnership ' s annual turnover for the income year.


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