Document ID: chunk:federal_register_of_legislation:C2004A00662:clause:1_50
Version: federal_register_of_legislation:C2004A00662
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 70534–71078

50  After section 18‑25 in Schedule 1
Insert:

18‑27  Tax credit for alienated personal services payments

  A person is entitled to a credit equal to the total of the amounts paid under Division 13 in respect of amounts included in the person's assessable income for an income year under section 86‑15 of the Income Tax Assessment Act 1997 if:
 (a) an assessment has been made of the income tax payable by the person for the income year; or
 (b) the Commissioner is satisfied that no income tax is payable by the person for the income year.