Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS  

View history reference

 View history note

 Hide history note

History

Pt 2-20 inserted by No 56 of 1997.

Division 61 - Generally applicable tax offsets  

View history reference

 View history note

 Hide history note

History

Div 61 inserted by No 56 of 1997.

Subdivision 61-D - Low Income tax offset  

View history reference

 View history note

 Hide history note

History

Subdiv 61-D heading substituted by No 92 of 2020 (as amended by No 72 of 2021), s 3 and Sch 1 item 25, effective 1 July 2022 and applicable in relation to assessments for the 2022-23 income year or a later income year. The heading formerly read:

Subdivision 61-D - Low and Middle Income tax offset and Low Income tax offset

Subdiv 61-D inserted by No 47 of 2018, s 3 and Sch 1 item 1, effective 1 July 2018.

Guide to Subdivision 61-D

SECTION 61-100   What this Subdivision is about  

View history reference

You may be entitled to a tax offset if you:

(a) are a lower-income earner; or

(b) are the trustee of a trust who is liable to be assessed in respect of a share of the trust ' s net income to which a beneficiary is presently entitled.

 View history note

 Hide history note

History

S 61-100 inserted by No 47 of 2018, s 3 and Sch 1 item 1, effective 1 July 2018.

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
61-105	(Repealed by No 92 of 2020)
61-107	(Repealed by No 92 of 2020)
61-110	Entitlement to the Low Income tax offset
61-115	Amount of the Low Income tax offset

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.