INCOME TAX ASSESSMENT ACT 1997 - SECT 61.775 Amount of the ESVCLP tax offset--trustees

INCOME TAX ASSESSMENT ACT 1997 - SECT 61.775

    If subsection   61 - 760(3) applies, the amount of the * tax offset for the income year is the difference between:

  (a)   what would, under section   61 - 765, have been the amount of the tax offset to which the trust would have been entitled if it had been an individual; and

  (b)   if * members of the trust are entitled to tax offsets under subsection   61 - 760(2) arising from the same contributions from which the trustee's entitlement arises under subsection   61 - 760(3)--the sum of the amounts, under section   61 - 770, of those tax offsets.