Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 976 - Imputation  

SECTION 976-15  

976-15   The part of a distribution that is franked with a venture capital credit  


The part of a distribution that is franked with a venture capital credit is worked out using the formula:


  *Venture capital credit on the distribution × Applicable gross-up rate

where:

applicable gross-up rate
means the *corporate tax gross-up rate of the entity making the distribution for the income year in which the distribution is made.


 

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