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INCOME TAX ASSESSMENT ACT 1997 - SECT 768.1 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 768.1

What this Subdivision is about

If:

  (a)   an Australian corporate tax entity receives a foreign equity distribution from a foreign company, either directly or indirectly through one or more interposed trusts or partnerships; and

  (b)   the Australian corporate tax entity holds a participation interest of at least 10% in the foreign company;

the distribution is non - assessable non - exempt income for the Australian corporate tax entity.

Table of sections

Foreign equity distributions on participation interests

768 - 5   Foreign equity distributions on participation interests

768 - 7   Foreign equity distributions entitled to a foreign income tax deduction

768 - 10   Meaning of foreign equity distribution

768 - 15   Participation test--minimum 10% participation

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