INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history note(a) a trust amount is included in the assessable income of a company of a year of income; and
(b) a class A franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the trust amount; and
(c) subsection 160APQ(3) does not apply;
an amount equal to so much of the class A potential rebate amount in relation to the trust amount as does not exceed the trust amount is allowable as a deduction from the assessable income of the company of the year of income.
(a) a trust amount is included in the assessable income of a company of a year of income; and
(b) a class B franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the trust amount; and
(c) subsection 160APQ(3) does not apply;
an amount equal to so much of the class B potential rebate amount in relation to the trust amount as does not exceed the trust amount is allowable as a deduction from the assessable income of the company of the year of income.
(a) a trust amount is included in the assessable income of a company of a year of income; and
(b) a class C franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the trust amount; and
(c) subsection 160APQ(3) does not apply;
an amount equal to so much of the class C potential rebate amount in relation to the trust amount as does not exceed the trust amount is allowable as a deduction from the assessable income of the company of the year of income.
(a) a partnership amount is included in, or allowable as a deduction from, the assessable income of a company of a year of income; and
(b) a class A franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the partnership amount; and
(c) subsection 160APQ(3) does not apply;
the class A potential rebate amount in relation to the partnership amount is allowable as a deduction from the assessable income of the company of the year of income.
(a) a partnership amount is included in, or allowable as a deduction from, the assessable income of a company of a year of income; and
(b) a class B franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the partnership amount; and
(c) subsection 160APQ(3) does not apply;
the class B potential rebate amount in relation to the partnership amount is allowable as a deduction from the assessable income of the company of the year of income.
(a) a partnership amount is included in, or allowable as a deduction from, the assessable income of a company of a year of income; and
(b) a class C franking credit arises, or apart from subsection 160APQ(4) would arise, under section 160APQ in relation to the partnership amount; and
(c) subsection 160APQ(3) does not apply;
the class C potential rebate amount in relation to the partnership amount is allowable as a deduction from the assessable income of the company of the year of income.
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