Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.50

This Subdivision provides for a notional tax offset for an income year if you are the sole contributor 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

Operative provisions

961 - 55   Who is entitled to the notional tax offset

961 - 60   Amount of the dependant (sole parent of a non - student child under 21 or student) notional tax offset

961 - 65   Reductions to take account of change in circumstances