INCOME TAX ASSESSMENT ACT 1997 - SECT 245.200 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 245.200

Any part of a partnership's total net forgiven amount left over after applying it under Subdivision   245 - E is divided between the partners. Each partner treats the partner's share as a net forgiven amount the partner has for the income year.

Table of sections

Operative provisions

245 - 215   Unapplied total net forgiven amount of a partnership is transferred to partners