Income Tax Assessment Act 1997



Division 207 - Effect of receiving a franked distribution  

Subdivision 207-B - Franked distribution received through certain partnerships and trustees  

SECTION 207-25   What this Subdivision is about  

This Subdivision deals with an entity that receives a benefit of a franked distribution where:

  • (a) the distribution is made to a partnership or the trustee of a trust; and
  • (b) the benefit is received either directly or through other interposed partnerships or trusts.
  • The distribution is regarded as flowing indirectly to the entity under this Subdivision.

    On the basis of a notional amount of the entity's share of the distribution, the entity may be entitled to have an amount included in its assessable income and/or a tax offset under this Subdivision.


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