Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 208 - Exempting entities and former exempting entities  

Subdivision 208-F - Exempting accounts and franking accounts of exempting entities and former exempting entities  

Operative provisions

SECTION 208-180  

208-180   What is an entity ' s share of the exempting credit on a distribution?  

To work out an entity ' s share of the *exempting credit on a *distribution *franked with that credit, use sections 207-55 and 207-57 to work out what the entity ' s share of the credit would be it if were a *franking credit on a *franked distribution. The entity ' s share of the exempting credit is equal to that amount.