Income Tax Assessment Act 1997
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Hide history noteSECTION 360-35 360-35 Amount of the tax offset - trustees
If subsection 360-15(3) applies, the amount of the *tax offset is the difference between:
(a) what would, under section 360-25 , have been the amount of the tax offset to which the trustee would have been entitled if the trustee had been an individual; and
(b) if *members of the trust are entitled to tax offsets under subsection 360-15(2) arising from the same *shares to which the trustee ' s entitlement arises under subsection 360-15(3) - the sum of the amounts worked out under section 360-30 (disregarding any reductions under subsection 360-30(1A) ) for those tax offsets.
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