Document ID: chunk:federal_register_of_legislation:C2025C00014:section:124zt
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 124ZT
Character Range: 1198123–1198885

124ZT  SME assessable income

SME assessable income
 (1) A company's SME assessable income of a year of income is the sum of:
 (a) so much of the company's non‑CGT assessable income of the year of income as was derived:
 (i) from, or from the disposal of, an SME investment of the company; and
 (ii) at a time when the company was a PDF; and
 (b) any assessable income allocated to the company's SME assessable income under section 124ZZB.
Note: Section 124ZZB deals with capital gains etc.

When assessable income derived
 (2) For the purposes of paragraph (1)(a), if an amount is derived by a company during, but not at a particular time during, a year of income, the amount is taken to have been derived by the company on the last day of the year of income.