Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 207.60

Some recipients of a franked distribution must satisfy a residency requirement if their assessable income is to include the franking credit on the distribution, and they are to be entitled to a tax offset, under the general rule.

Table of sections

207 - 65   Satisfying the residency requirement

Operative provisions

207 - 70   Gross - up and tax offset under section   207 - 20

207 - 75   Residency requirement