INCOME TAX ASSESSMENT ACT 1997 - SECT 709.180 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 709.180
What this Subdivision is aboutThis Subdivision provides that any excess in the tax offset arising from a franking deficit tax liability of an entity that becomes a subsidiary member of a consolidated group is transferred to the head company of the group.
709 - 185 Joining entity's excess franking deficit tax offsets transferred to head company
709 - 190 Exit history rule not to treat leaving entity as having a
franking deficit tax offset excess