Treasury Laws Amendment (2022 Measures No. 4) Act 2023 (29 of 2023)
Schedule 9 Taxation of military superannuation benefits: Reversing the Douglas decision
Income Tax Assessment Act 1997
6 Subsection 63-10(1) (after table item 20)
Insert:
|
21 |
*Tax offset under Subdivision 301-F (veterans' superannuation (invalidity pension) tax offset) |
Apply it against your liability (if any) to pay *Medicare levy for the income year. To the extent that an amount of it remains, apply it against your liability (if any) to pay *Medicare levy (fringe benefits) surcharge for the income year. To the extent that an amount of it remains, you cannot get a refund of it, you cannot transfer it and you cannot carry it forward to a later income year |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
