• Provisions for profit-making ventures

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    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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    The provisions of the Act that include in assessable income a capital gain from the disposal of an asset purchased for profit-making by sale or from carrying out a profit-making undertaking or that allow a deduction for a loss - that is, sections 25A and 52 - do not apply in working out the attributable income of a CFC.

    Last modified: 05 Dec 2006QC 18000