INCOME TAX ASSESSMENT ACT 1997 - SECT 770.140 When foreign income tax is considered not paid--anti

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 770.140

When foreign income tax is considered not paid--anti - avoidance rule

Despite anything else in this Division, this Act applies to you as if you had not paid an amount of * foreign income tax to the extent that you or any other entity become entitled to:

(a) a refund of the foreign income tax; or

(b) any other benefit worked out by reference to the amount of the foreign income tax (other than a reduction in the amount of the foreign income tax).

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