Taxation Administration (Remedial Power—Foreign Resident Capital Gains Withholding) Determination 2017
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Modification
(2) To the extent that an entity’s entitlement to a credit referred to in section 18-15, 18-20 or 18-25 in that Schedule is in respect of an amount paid to the Commissioner under Subdivision 14-D in that Schedule, treat the entitlement as arising in the income year in which the transaction causing that application of Subdivision 14-D is recognised for income tax purposes for the entity.
(3) The modification applies in respect of transactions entered into on or after 1 July 2016.