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INCOME TAX ASSESSMENT ACT 1997 - SECT 842.200 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 842.200

What this Subdivision is about

This Subdivision sets out rules about the taxation of some foreign residents (known as IMR entities) that invest into or through Australia.

Income and capital gains from IMR financial arrangements are not subject to Australian income tax. Deductions and capital losses from IMR financial arrangements are disregarded for the purposes of this Act.

Table of sections

Object of this Subdivision

842 - 205   Object of this Subdivision

IMR concessions

842 - 210   IMR concessions apply only to foreign residents etc.

842 - 215   IMR concessions

842 - 220   Meaning of IMR entity

842 - 225   Meaning of IMR financial arrangement

IMR widely held entities

842 - 230   Meaning of IMR widely held entity

842 - 235   Rules for determining total participation interests for the purposes of the widely held test

842 - 240   Extended meaning of IMR widely held entity --temporary circumstances outside entity's control

Independent Australian fund managers

842 - 245   Meaning of independent Australian fund manager

842 - 250   Reductions in IMR concessions if independent Australian fund manager entitled to substantial share of IMR entity's income

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