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INCOME TAX ASSESSMENT ACT 1997 - SECT 360.5 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 360.5

What this Subdivision is about

You may be entitled to a tax offset if you are, or a trust or partnership of which you are a member is, issued with certain kinds of equity interests in a small Australian company with high - growth potential that is engaging in innovative activities.

A modified CGT treatment may also apply to those equity interests.

Table of sections

Operative provisions

360 - 10   Object of this Subdivision

360 - 15   Entitlement to the tax offset

360 - 20   Limited entitlement for certain kinds of investors

360 - 25   Amount of the tax offset--general case

360 - 30   Amount of the tax offset--members of trusts or partnerships

360 - 35   Amount of the tax offset--trustees

360 - 40   Early stage innovation companies

360 - 45   100 point innovation test

360 - 50   Modified CGT treatment

360 - 55   Modified CGT treatment--partnerships

360 - 60   Modified CGT treatment--not affected by certain roll - overs

360 - 65   Separate modified CGT treatment for roll - overs about wholly - owned companies or scrip for scrip roll - overs

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