Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)

Schedule 3   Simplified Imputation System

Part 2   Miscellaneous consequential and technical amendments

Income Tax Assessment Act 1997

96   Section 208-170 (formula)

Omit the formula, substitute:

Exempting credit on the distribution * (Amount of the distribution that is not exempt income of the recipient / Amount of the distribution) * ((Amount of the distribution - Specified part of the distribution) / Amount of the distribution)


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).