Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p13
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 13/13)
Character Range: 858795–860322

an income year (apart from this Subdivision).
 (3) Next, determine your *hypothetical tax position for the same income year (apart from this Subdivision).
 (4) Then compare each *component of the 2 positions. If the amount of that component of the actual *tax position is lower than the amount of that component of the *hypothetical tax position, the difference between the 2 amounts is a tax benefit that you get from the *scheme.
Note 1: The difference between the 2 amounts is not a tax benefit to the extent that it is attributable to certain things for which the income tax law expressly provides. See section 45‑635.
Note 2: An entity may get 2 or more tax benefits from the same scheme. One reason is that the scheme may affect 2 or more components of the entity's tax position for an income year. Another reason is that the scheme may affect the tax position for 2 or more income years.

45‑610  What is your tax position for an income year?
  Your tax position for an income year consists of a number of components. The table sets out each component, and how to work out the amount of the component.

Components of your tax position that relate to PAYG instalments and credits
Item                                                                         Each of these is a component:                                                                                                                                                                                                           The amount of that component is: