INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART XI
-
FOREIGN INVESTMENT FUNDS AND FOREIGN LIFE ASSURANCE POLICIES
Division 18
-
How to determine whether Foreign Investment Fund income accrued to a taxpayer from a FIF or a FLP
Subdivision E
-
Deemed rate of return method for FLPs
SECTION 587
587
IF RELEVANT PERIOD STARTS ON 1 JANUARY 1993
If the interests in the FLP were acquired before the start of the relevant period and that period starts on 1 January 1993, the value of the FLP on the relevant day is to be determined in accordance with section 588 .
If the interests in the FLP were acquired before the start of the relevant period and that period starts on 1 January 1993, the value of the FLP on the relevant day is to be determined in accordance with section 588 .
View history note
Hide history noteThis information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.