Section 15‑46 Amounts paid under forestry manage - Income Tax Assessment Act 1997 - 15‑46 Amounts paid under forestry managed investment schemes — Zoe

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Income Tax Assessment Act 1997

15‑46 Amounts paid under forestry manage15‑46 Amounts paid under forestry managed investment schemes

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#### 15‑46 Amounts paid under forestry managed investment schemes (1) Your assessable income includes an amount you receive under a \*forestry managed investment scheme if: (a) you are the \*forestry manager of the scheme, or an \*associate of the forestry manager; and (b) the entity that paid the amount can deduct or has deducted the amount under section 394‑10 in relation to the scheme (disregarding subsection 394‑10(5)). The amount is included for the income year for which the entity that paid the amount can or has claimed a deduction for it (disregarding subsection 394‑10(5)). (2) No part of an amount included under subsection (1) is included in your assessable income for a later income year.

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