Income Tax Assessment Act 1997



Division 842 - Exempt Australian source income and gains of foreign residents  

Subdivision 842-I - Investment manager regime  

Guide to Subdivision 842-I

SECTION 842-200   What this Subdivision is about  

This Subdivision sets out rules about the taxation of some foreign residents (known as IMR entities) that invest into or through Australia.

Income and capital gains from IMR financial arrangements are not subject to Australian income tax. Deductions and capital losses from IMR financial arrangements are disregarded for the purposes of this Act.

Object of this Subdivision
842-205 Object of this Subdivision
IMR concessions
842-210 IMR concessions apply only to foreign residents etc.
842-215 IMR concessions
842-220 Meaning of IMR entity
842-225 Meaning of IMR financial arrangement
IMR widely held entities
842-230 Meaning of IMR widely held entity
842-235 Rules for determining total participation interests for the purposes of the widely held test
842-240 Extended meaning of IMR widely held entity - temporary circumstances outside entity ' s control
Independent Australian fund managers
842-245 Meaning of independent Australian fund manager
842-250 Reductions in IMR concessions if independent Australian fund manager entitled to substantial share of IMR entity ' s 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.