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Australia Income Tax Assessment Act 1997 - Assessable Income Deductions and Tax Liability

The Income Tax Assessment Act 1997 sets out the core operative rules for Australian income tax including the assessability of ordinary income and…

What Australia Income Tax Assessment Act 1997 - Assessable Income Deductions and Tax Liability requires

The Income Tax Assessment Act 1997 sets out the core operative rules for Australian income tax including the assessability of ordinary income and statutory income, general and specific deductions, capital allowances and capital works deductions, capital gains tax through the CGT events framework, dividend imputation through the franking system, consolidated group rules, transfer pricing arm length conditions, controlled foreign company and foreign income rules, withholding obligations for residents and non-residents, and integrity rules including the general anti-avoidance provisions in conjunction with the Income Tax Assessment Act 1936.

Pillar: Tax & Transfer Pricing · Authority: Australian Government (Federal Register of Legislation) · Version: 1.0.0 · Last updated:

Primary source: https://www.legislation.gov.au/C2004A05138/latest/text

SHA-256 integrity: 448ef0a13d20d229d034669ee0739157838ee3d6d41df5d36b5466821c056247

Primary Citations — 8 traced to source

  • Income Tax Assessment Act 1997 compiled text Federal Register of Legislation https://www.legislation.gov.au/C2004A05138/latest/text
  • ITAA 1997 section 6-5 ordinary income https://www.legislation.gov.au/C2004A05138/latest/text/6-5

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