Division 2 - Income  

Subdivision A - Assessable income generally  


26AG(8)   [Section 23(r) exemption - former resident]  

Where, but for this subsection, paragraph 23(r) would apply to exempt from tax an amount of income derived by a taxpayer in respect of a film from sources wholly out of Australia, being an amount that would, but for that paragraph, be included in the assessable income of the taxpayer by the operation of subsection (2) of this section, paragraph 23(r) applies only to so much of the amount as -

(a) is attributable to the exhibition of the film in the country from sources in which the income was derived; and

(b) is not exempt from income tax in the country from sources in which the income was derived.


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.