Income Tax Assessment Act 1997
CHAPTER 6
-
THE DICTIONARY
PART 6-1
-
CONCEPTS AND TOPICS
Division 976
-
Imputation
SECTION 976-15
976-15
The part of a distribution that is franked with a venture capital credit
The part of a distribution that is franked with a venture capital credit is worked out using the formula:
View history note
Hide history noteThe part of a distribution that is franked with a venture capital credit is worked out using the formula:
| *Venture capital credit on the distribution | × | Applicable gross-up rate |
where:
applicable gross-up rate
means the *corporate tax gross-up rate of the entity making the distribution for the income year in which the distribution is made.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.