• Specific Year
    Any

INCOME TAX ASSESSMENT ACT 1997 - SECT 976.1 Franked part of a distribution

INCOME TAX ASSESSMENT ACT 1997 - SECT 976.1

Franked part of a distribution

    The franked part of a * distribution is an amount worked out using the formula:

Start formula *Franking credit on the distribution times Applicable gross-up rate end formula

where:

"applicable gross-up rate" means the * corporate tax gross - up rate of the entity making the distribution for the income year in which the distribution is made.

Download

No downloadable files available