1.1.A.62 Adjusted taxable income (CSHC)

Definition

For the purposes of CSHC, an individual's ATI for the tax year (1.1.T.10) is:

  • the SUM of the following amounts for that year
    • taxable income (1.1.T.20), disregarding the individual's assessable First Home Super Savers Scheme released amount (within the meaning of the Income Tax Assessment Act 1997) for that year
    • employer provided fringe benefits for the applicable tax year
    • target foreign income
    • total net investment loss, and
    • reportable superannuation contributions.

Act reference: SSAct section 1071-3 Adjusted taxable income, section 10A(2)-'target foreign income'

Policy reference: SS Guide 3.9.3.30 Assessment of income for CSHC

Last reviewed: 1 July 2019