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  • Part 3 - Working out attributable income and the amount to include in your assessable income



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

    End of attention

    This part explains how to work out the attributable income of a CFC. Your share of the attributable income is included in your assessable income.

    Even if the CFC passes the active income test, you will still need to read on. Passing the test will eliminate many, but not all, types of attributed income and gains.

    Summary of part 3

    Section 1

    General assumptions for working out the attributable income of a CFC

    • modifications for non-broad-exemption listed company
    • modifications for broad-exemption listed company

    Section 2

    General modifications

    Other modifications

    Section 3

    Capital gains

    Section 4

    Deductions and losses

    Section 5


    Section 6


    Section 7

    Interim dividends

    Section 8

    Relief from double accruals taxation

    Section 9

    How much is included in assessable income?

    Last modified: 05 Dec 2006QC 17522