Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159gzzzq:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GZZZQ (pt 3/3)
Character Range: 1472413–1473092

included in the seller's assessable income of any year of income in respect of the buy‑back of the share;
then the reduction in the amount of the consideration under subsection (3) is instead a reduction equal to:
 (d) the reduction amount;
less:
 (e) so much of the offsetable amount as does not exceed the loss amount.

Meaning of offsetable amount
 (9) For the purposes of subsection (8), if the seller is entitled to a tax offset under Division 207 of the Income Tax Assessment Act 1997 in the seller's assessment for a year of income in respect of the dividend, the dividend consists of an offsetable amount worked out using the formula:

Subdivision D—On‑market purchases