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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 about

This 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.

Table of sections

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

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