‑1 What this Division is about
Some items of assessable income, and some deductions, are in effect spread over 2 or more income years. This Division apportions the assessable income or deduction for each of those income years among periods within the income year when an entity is, or is not, a subsidiary member of a consolidated group. This Division also apportions in a similar way some items of assessable income, and some deductions, for a single income year. Table of sections Operative provisions 716‑15 Assessable income spread over 2 or more income years 716‑25 Deductions spread over 2 or more income years 716‑70 Capital expenditure that is fully deductible in one income year Assessable income and deductions arising from share of net income of a partnership or trust, or from share of partnership loss 716‑75 Application 716‑80 Head company’s assessable income and deductions 716‑85 Entity’s assessable income and deductions for a non‑membership period 716‑90 Entity’s share of assessable income or deductions of partnership or trust 716‑95 Special rule if not all partnership or trust’s assessable income or deductions taken into account in working out amount 716‑100 Spreading period
Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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