Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.1

This Subdivision provides for a notional tax offset for an income year if you contribute to the maintenance of a non - student child or a student dependant. The notional tax offset can only be taken into account in working out certain tax offsets under the Income Tax Assessment Act 1936 .

Table of sections

Entitlement to the notional tax offset

961 - 5   Who is entitled to the notional tax offset

Amount of the notional tax offset

961 - 10   Amount of the dependant (non - student child under 21 or student) notional tax offset

961 - 15   Reduced amounts of the dependant (non - student child under 21 or student) notional tax offset

961 - 20   Reductions to take account of the dependant's income