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INCOME TAX ASSESSMENT ACT 1997 - SECT 208.95 Exempting percentage

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.95

Exempting percentage

    The exempting percentage for a * frankable distribution is worked out using the formula:

Start formula start fraction Amount of the *exempting credit on the distribution over *Maximum franking credit for the distribution end fraction times 100 end formula

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