Document ID: chunk:federal_register_of_legislation:C2008A00097:clause:3_146
Version: federal_register_of_legislation:C2008A00097
Segment Type: clause
Provision Reference: sch 3 cl 146
Character Range: 53791–54598

146  Subsection 707‑310(3) (at the end of the table)
Add:
  6 Assessable income that is not attributable to *capital gains and is not *assessable film income  The amount (if any) that would have been the transferee's taxable income (if any) for the income year if the transferee had not had for the income year:
                                                                                                     (a) any *net capital gain; or
                                                                                                     (b) any *net assessable film income;
                                                                                                     reduced by the amount (the transferee's grossed‑up franking offset amount) worked out in accordance with paragraph (3A)(c)