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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS    View history reference

Division 61 - Generally applicable tax offsets    View history reference

Subdivision 61-A - Dependant (invalid and carer) tax offset    View history reference

Entitlement to the dependant (invalid and carer) tax offset

SECTION 61-20  Exceeding the income limit for family tax benefit (Part B)  

 View history reference

61-20(1)  

Despite section 61-10 , you are not entitled to a * tax offset for an income year if the sum of:


(a) your * adjusted taxable income for offsets for the year; and


(b) if you had a * spouse for the whole or part of the year, and your spouse was not the other individual referred to in subsection 61-10(1) - the spouse ' s adjusted taxable income for offsets for the year;

is more than the amount specified in subclause 28B(1) of Schedule 1 to the A New Tax System (Family Assistance) Act 1999 , as indexed under Part 2 of Schedule 4 to that Act.

[ CCH Note: The Dependant (Invalid and Carer) Tax Offset (DICTO) is not available to a taxpayer whose adjusted taxable income (ATI) exceeds the income limit for family assistance purposes. The ATI threshold for 2017/18 is $100,000. The ATI thresholds for previous years are:
2014/15150,000
2015/16100,000
2016/17100,000]

61-20(2)  

However, if you had a * spouse for only part of the year, the spouse ' s * adjusted taxable income for offsets for the year is taken, for the purposes of paragraph (1)(b), to be this amount:
Spouse ' s adjusted taxable
income for offsets
×Number of days on which you
  had a spouse during the year  
Number of days in the year

61-20(3)  

If you had a different * spouse during different parts of the year, include the * adjusted taxable income for offsets of each spouse under paragraph (1)(b) and subsection (2).


 



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