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Taxation Determination

TD 94/27W


Income tax: does 'separate net income' include the imputation credits attached to franked dividends?

Attention TD 94/27 has been withdrawn as part of a project to review public rulings.
Attention This document has changed over time. View its history.


Notice of Withdrawal

Taxation Determination TD 94/27 is withdrawn with effect from today.

1. TD 94/27 concluded that imputation credits are not included in 'separate net income' as defined in section 159J of the Income Tax Assessment Act 1936 .

2. Section 159J has been replaced with Subdivision 961-A of the Income Tax Assessment Act 1997 . The concept of 'separate net income' has been replaced with 'adjusted taxable income for offsets'.

3. TD 94/27 has no ongoing relevance, and is withdrawn without replacement.

Commissioner of Taxation

27 June 2018

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO  1-D75OWX3

ISSN: 2205-6211

Related Rulings/Determinations:
IT 2391

Subject References:
imputation system;
dependant spouse rebate;
separate net income

Legislative References:
ITAA 159J,
160AQT

TD 94/27W history   Top  
   Date   Version   Change 
   14 April 1994   Original ruling   
   29 November 2006   Original ruling + note   Repeal provision note 
 You are here ®  27 June 2018   Withdrawn   


 


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