Income Tax Assessment Act 1936


Division 10E - PDFs (pooled development funds)  

Subdivision C - Adjustments of the tax treatment of capital gains and capital losses of PDFs  


124ZY(1)   Classes.  

The classes of assessable income of the company are as follows:

(a) SME assessable income (see section 124ZT );

(b) other assessable income (see subsection (2)).

124ZY(2)   Other assessable income.  

The company's other assessable income of the year of income is the sum of:

(a) so much of the company's non-CGT assessable income of the year of income as is not included in the company's SME assessable income of the year of income; and

(b) any assessable income allocated to the company's other assessable income under section 124ZZB .


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