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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 67 - Refundable tax offset rules    View history reference

Operative provisions  

SECTION 67-23  

67-23  Refundable tax offsets  

 View history reference
The following *tax offsets are subject to the refundable tax offset rules:
Refundable tax offsets
ItemSubject matterTax offset
3*principal beneficiary of a *special disability trustthe *tax offset available under subsection 95AB(5) of the Income Tax Assessment Act 1936
5private health insuranceprivate health insurance tax offsets under Subdivision 61-G, other than those arising under subsection 61-205(2)
10childrenfirst child tax offsets under Subdivision 61-I
12(Repealed by No 109 of 2014) 
13seafarersthe *tax offset available under Subdivision 61-N
13A(Repealed by No 96 of 2014) 
14(Repealed by No 118 of 2013) 
14Aattribution managed investment trusts - foreign resident memberthe *tax offset available under section 276-110
15no-TFN contributions incomethe *tax offset available under Subdivision 295-J
20filmsthe *tax offsets available under Division 376
23National Rental Affordability Schemethe *tax offsets available under Division 380
24(Repealed by No 83 of 2014)  
25(Repealed by No 84 of 2013)  
27exploration development incentivethe *tax offset available under Subdivision 418-B
30life insurance company's subsidiary joining consolidated groupthe *tax offset available under subsection 713-545(5)
35(Repealed by No 93 of 2011) 

Note 1:

Subsection 61-205(2) of this Act deals with tax offsets for trustees who are assessed and liable to pay tax under section 98 of the Income Tax Assessment Act 1936.

Note 2:

For the tax offsets available under Division 207 and Subdivision 210-H (franked distributions), see section 67-25.

Note 3:

For the tax offsets available under Division 355 (about R&D), see section 67-30.

[CCH Note: S 67-23 will be amended by No 21 of 2015, s 3 and Sch 6 item 53, by repealing table item 27, effective 1 July 2020. For savings provisions, see note under Div 418.]


 



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