Beneficiary tax offset
bto(
benefit_amount,
fy.year = NULL,
rate1 = 0.15,
benefit_threshold = 6000,
tax_threshold = 37000,
rate2 = 0.15
)
The beneficiary tax offset.
The amount of Tax Offsetable benefit received by the taxpayer during the income year.
The income year. Not used by default.
The coefficient in Division 2, section 13(2) of the Income Tax Assessment (1936 Act) Regulation 2015 (the regulations).
The amount of benefits above which the offset applies.
The threshold at the upper conclusion of the lowest marginal tax rate in the words of the section 13(3) of the regulations.
The second coefficient in section 13(3) of the regulations.
This function disagrees with the ATO online calculator.