Tax Laws Amendment (Small Business Measures No. 3) Act 2015 (114 of 2015)
Schedule 1 Tax discount for unincorporated small businesses
Part 2 Other amendments
Income Tax Assessment Act 1997
3 At the end of section 328-5
Add:
You may be entitled to a tax offset for any small business income included in your assessable income, if you are an individual (Subdivision 328-F).
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