What is an income tax exempt fund?
An income tax exempt fund (ITEF) is a non-charitable fund established by will or instrument of trust solely for:
the purpose of providing money, property or benefits to income tax exempt deductible gift recipients (DGRs), or
establishing DGRs.
Low income tax offset calculator
The Low income tax offset calculator will help you determine your eligibility, and calculate the amount of low income tax offset you are entitled to for the 2007-08, 2008-09 and 2009-10 financial years.
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