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INCOME TAX ASSESSMENT ACT 1997 - SECT 320.60 Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.60

Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets

    A * life insurance company can deduct the amounts of * life insurance premiums transferred in the income year to its * segregated exempt assets under subsection   320 - 240(3).

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