INCOME TAX ASSESSMENT ACT 1997 - SECT 355.530 Implications for partner's aggregated turnover
INCOME TAX ASSESSMENT ACT 1997 - SECT 355.530
Implications for partner's aggregated turnoverFor the purposes of section 355 - 100 (tax offsets for R&D), if:
(a) an * R&D entity is a partner of an * R&D partnership at some time during an income year; and
(b) the partner's * aggregated turnover for the income year does not include the R&D partnership's * annual turnover for the income year;
the partner's aggregated turnover for the income year includes the *
partner's proportion of the R&D partnership's annual turnover for
the income year.