Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 16
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Averaging of incomes
SECTION 150
150
FIRST AVERAGE YEAR
Subject to this Division, the first average year shall be the fourth year before the year of income. A year the income of which was subject to assessment under the previous Act shall be capable of being a first or subsequent average year.
Subject to this Division, the first average year shall be the fourth year before the year of income. A year the income of which was subject to assessment under the previous Act shall be capable of being a first or subsequent average year.
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