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-F - No gross-up or tax offset where the imputation system has been manipulated  

Guide to Subdivision 207-F

SECTION 207-140   What this Subdivision is about  


This Subdivision creates the appropriate adjustment to cancel the effect of the gross-up and tax offset rules where the entity concerned has manipulated the imputation system in a manner that is not permitted under the income tax law.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
207-145 Distribution that is made to an entity
207-150 Distribution that flows indirectly to an entity
207-155 When is a distribution made as part of a dividend stripping operation?
207-157 Distribution washing
207-160 Distribution that is treated as an interest payment
207-165 (Repealed by No 83 of 2004)
207-170 (Repealed by No 83 of 2004)


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