Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 152 - Small business relief  

Subdivision 152-A - Basic conditions for relief under this Division  

Small business participation percentage

SECTION 152-65  

152-65   Small business participation percentage  

An entity ' s small business participation percentage in another entity at a time is the percentage that is the sum of:

(a) the entity ' s *direct small business participation percentage in the other entity at that time; and

(b) the entity ' s *indirect small business participation percentage in the other entity at that time.