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Foreign income return form guide 2003-04

 
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Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

Section 5 - Working out the net income of a partnership

The notional assessable income of a CFC includes the CFC's share of the net income of a partnership. You work out the net income of the partnership in accordance with the partnership provisions of the Act. However, it is assumed that:

  • the partnership derived only certain income and gains
  • the operation of the Act is modified.

Sections within Section 5 - Working out the net income of a partnership

Last Modified: Tuesday, 5 December 2006
 
Table of contents
About this document
Introduction
How to use this guide
Chapter 1: Attribution of the current year profit of a controlled foreign company
Chapter 2 - Transferor trust and related measures
Chapter 3 - Taxation of foreign dividends and branch profits and the foreign tax credit system
Chapter 4
Chapter 5: Consolidation (consolidated income tax treatment for groups of entities)
Appendix 1 - Foreign income regulations
Appendix 2 - Abbreviations and glossary of terms
Appendix 3 - Accruals taxation on the change of residence of a CFC from an unlisted country to a listed country or to Australia
Appendix 4 - Summaries and worksheets
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