INCOME TAX ASSESSMENT ACT 1997 - SECT 208.180 What is an entity's share of the exempting credit on a distribution?
INCOME TAX ASSESSMENT ACT 1997 - SECT 208.180
What is an entity's share of the exempting credit on a distribution? To work out an entity's share of the * exempting credit on a
* distribution * franked with that credit, use sections 207 - 55 and
207 - 57 to work out what the entity's share of the credit would be it if
were a * franking credit on a * franked distribution. The entity's share
of the exempting credit is equal to that amount.