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  • Overview of the calculation



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

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    If you are an attributable taxpayer, your assessable income may include a share of the profit, if any, from certain types of income and gains of the CFC. The profit of the CFC is called attributable income and is worked out before taking into account your share of the profit - called your attribution percentage.

    You work out attributable income based on the existing rules for working out the taxable income of a resident company. However, not all of the profits of a CFC are taken into account in working out the attributable income of the CFC.

    Last modified: 05 Dec 2006QC 17522