Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 392 - Long-term averaging of primary producers ' tax liability  

Subdivision 392-C - How big is your averaging adjustment?  

Guide to Subdivision 392-C

SECTION 392-60   What this Subdivision is about  

This Subdivision explains how to work out the amount of the averaging adjustment of your income tax for the current year (whether it is a tax offset or is used by the Income Tax Rates Act 1986 to set the rate at which you must pay extra income tax).


TABLE OF SECTIONS
TABLE OF SECTIONS
392-65 What your averaging adjustment reflects
Your gross averaging amount
392-70 Working out your gross averaging amount
Your averaging adjustment
392-75 Working out your averaging adjustment
How to work out your averaging component
392-80 Work out your taxable primary production income
392-85 Work out your taxable non-primary production income
392-90 Work out your averaging component


 

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