Income Tax Assessment Act 1936


Division 16E - Accruals assessability, etc., in respect of certain security payments  


159GQ(1)   Accrual amounts to be worked out.  

If a taxpayer holds a qualifying security for all or part of a year of income, the effect on the taxpayer's taxable income is determined by working out the accrual amount (see section 159GQB ) for each accrual period (see section 159GQA ) in the year of income and then summing the accrual amounts.

159GQ(2)   Positive sum assessable.  

If the sum is a positive amount, the amount is included in the assessable income of the taxpayer of the year of income.

159GQ(3)   Negative sum deductible.  

If the sum is a negative amount, a deduction of the amount is allowable in the assessment of the taxpayer of the year of income.


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.