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End of attention
Under the market value method, the amount of FIF income is decided in two steps.
- Step 1 works out the movement in the market value of the FIF interest, generally between two annual reporting dates.
- Step 2 allows for the deduction of any previous year's FIF losses if the losses have not been used in an earlier year.
Working through these steps gives you the amount of FIF income to include in your assessable income.
The following information will help you to complete Worksheet 1: Market value method.
Last modified: 27 May 2005QC 17512