Section DC 8 — Income Tax Act 2007: Attribution of personal services

DC 8 Attribution of personal services When this section applies (1) This section applies when, under sections GB 27 to GB 29 (which relate to the attribution rule for income from personal services), an amount of income of a person (the associated entity ) is attributed to another person (the working person ). Deduction (2) The associated entity is allowed a deduction for the amount attributed. Timing of deduction (3) The deduction is allocated to the income year in which the amount is attributed to the working person. Link with subpart DA (4) This section supplements the general permission and overrides all the general limitations. Defined in this Act: amount , deduction , general limitation , general permission , income year , supplement , Compare: 2004 No 35 s DC 7