Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 208-170 Where a determination under paragraph 177EA(5)(b) of the Income Tax Assessment Act 1936 affects part of the distribution 208-170(1)
Use the following formula to work out:
(a) the amount of an *exempting credit arising under item 3 of the table in section 208-115 because a *former exempting entity receives a *distribution *franked with an exempting credit; or
(b) the amount of a *franking credit arising under item 3 of the table in section 208-130 because an *exempting entity receives a distribution franked with an exempting credit;
208-170(2)
Use the following formula to work out the amount of a *franking credit arising under item 6 of the table in section 208-130 because an *exempting entity receives *a distribution *franked with an exempting credit:
| *Franking
credit on the *distribution |
× | Amount of the distribution
that is not *exempt income of the recipient |
× | Amount of the
distribution |
− |
Specified part of
the distribution |
|
| Amount of the distribution | Amount of the distribution |
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