• Dividend paid to a partnership or Australian trust

    Attention

    Warning:

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

    End of attention

    If a CFC resident in an unlisted country pays an interim dividend indirectly to either another CFC or CFT through either a partnership or an Australian trust, the reduction is worked out as follows:

    Amount of the dividend assessed
    Your attribution percentage in the dividend

    Your indirect interest in the dividend is worked out by multiplying your interest in the partnership or trust by your attribution percentage in the CFC of CFT receiving the dividend.

    Last modified: 05 Dec 2006QC 17522