Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 245 - Forgiveness of commercial debts  

Subdivision 245-F - Special rules relating to partnerships  

Guide to Subdivision 245-F

SECTION 245-200   What this Subdivision is about  


Any part of a partnership ' s total net forgiven amount left over after applying it under Subdivision 245-E is divided between the partners. Each partner treats the partner ' s share as a net forgiven amount the partner has for the income year.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
245-215 Unapplied total net forgiven amount of a partnership is transferred to partners


 

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