Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 10: Special rules about charitable trusts etc

Overview

Section 552: Adjustment if section 551(1) and (2) applied to single transaction

1659. This section makes it clear that there can be no double counting. It is based on section 506C(4) of ICTA.