Income Tax Assessment Act 1997
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Hide history noteSECTION 961-20 961-20 Reductions to take account of the dependant ' s income
The amount of the notional tax offset under sections 961-10 and 961-15 in relation to the dependant for the year is reduced by $1 for every $4 by which the following exceeds $282:
(a) if you contribute to the maintenance of the dependant for the whole of the year - the dependant ' s *adjusted taxable income for offsets for the year;
(b) if paragraph (a) does not apply - the dependant ' s adjusted taxable income for offsets for that part of the year during which you contribute to the dependant ' s maintenance.
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