Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p28
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 28/79)
Character Range: 4906186–4909130

flows indirectly to or through an entity
380‑30 Share of NRAS rent
Miscellaneous
380‑32 Amended certificates
Subdivision 380‑B—Payments made in relation to the National Rental Affordability Scheme etc.
380‑35 Payments made and non‑cash benefits provided in relation to the National Rental Affordability Scheme
Division 385—Primary production
Guide to Division 385
385‑1 What this Division is about
385‑5 Where to find some other rules relevant to primary producers
Subdivision 385‑E—Primary producer can elect to spread or defer tax on profit from forced disposal or death of live stock
Guide to Subdivision 385‑E
385‑90 What this Subdivision is about
385‑95 Basic principles for elections under this Subdivision
Operative provisions
385‑100 Cases where you can make an election
385‑105 Election to spread tax profit over 5 years
385‑110 Alternative election to defer tax profit and reduce cost of replacement live stock
385‑115 Your assessable income includes an amount for replacement live stock you breed
385‑120 Purchase price of replacement live stock is reduced
385‑125 Alternative election because of bovine tuberculosis has effect over 10 years not 5
Subdivision 385‑F—Insurance for loss of live stock or trees
385‑130 Insurance for loss of live stock or trees
Subdivision 385‑G—Double wool clips
385‑135 Election to defer including profit on second wool clip
Subdivision 385‑H—Rules that apply to all elections made under Subdivisions 385‑E, 385‑F and 385‑G
385‑145 Partnerships and trusts
385‑150 Time for making election
385‑155 Amounts are assessable income from carrying on the primary production business
385‑160 Effect of certain events on election
385‑163 Disentitling events
385‑165 New partnership can elect to be treated as same entity as old partnership
385‑170 New partnership can elect to take advantage of election made by former owner of the business
Division 392—Long‑term averaging of primary producers' tax liability
Guide to Division 392
392‑1 What this Division is about
392‑5 Overview of averaging process
Subdivision 392‑A—Is your income tax affected by averaging?
392‑10 Individuals who carry on a primary production business
392‑15 Meaning of basic taxable income
392‑20 Trust beneficiaries taken to be carrying on primary production business
392‑22 Trustee may choose that a beneficiary is a chosen beneficiary of the trust
392‑25 Choosing not to have your income tax averaged
Subdivision 392‑B—What kind of averaging adjustment must you make?
Guide to Subdivision 392‑B
392‑30 What this Subdivision is about
              Tax offset or extra income tax
392‑35 Will you get a tax offset or have to pay extra income tax?
How to work out the comparison rate
392‑40 Identify income years for averaging your basic taxable income
392‑45 Work out your average income for those years
392‑50 Work out the income tax on your average income at basic rates
392‑55 Work out the comparison rate
Subdivision 392‑C—How big is