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Summary sheet 1 – Attributed income

Last updated 1 August 2019

This summary sheet will enable you to total the amounts of attributed income to be included in your tax return. Prepare a separate schedule if you need more space for any part.

Part A – Attributable income from CFCs

Include your share of:

  • the attributable income of each CFC in which you have an attribution interest
  • attributable amounts arising where an unlisted country CFC changes residence to a listed country or to Australia.

Name of the CFC

Amount of attributable income

1

$

2

$

3

$

4

$

5

$

Total

$

Refer to summary sheet 2 to determine whether you have to include attributable income from a CFC.

Part B – Income attributed to you from a non-resident trust under the transferor trust measures

Name of the trust

Amount of attributable income

1

$

2

$

3

$

4

$

5

$

Total

$

Refer to summary sheet 4 to determine whether you have to include attributable income from a trust under the transferor trust measures.

Part C – Your share of the net income of any partnership or trust that consists of income attributed to the partnership or trust under the accruals tax measures, whether from a CFC or a non-resident trust estate

Name of partnership or trust

Amount of attributable income

1

$

2

$

3

$

4

$

5

$

Total

$

Part D – Total of the amounts in parts A, B and C

Part A

$            

Part B

$

Part C

$

Total

$

Include this total amount in your tax return at the appropriate labels as set out in TaxPack or the instructions for your tax return.

QC28180