Part 2-42 inserted by No 86 of 2000.
Div 86 inserted by No 86 of 2000.
Continuing example 2 in section 86-20: Assume that NewIT had paid Jill, Ron's wife, an amount for work that is not the principal work of NewIT. The payment is made from money already included in Ron's assessable income under section 86-15.
The amount is neither assessable income nor exempt income of Jill, and NewIT cannot deduct the amount.
that share is neither assessable income nor *exempt income of the entity receiving it or entitled to receive it.
S 86-35(2) amended by No 169 of 2001.
S 86-35 inserted by No 86 of 2000.