Deemed rate of return method

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End of attention

If you use the deemed rate of return method of taxation, keep records showing how you worked out the foreign investment fund income that accrued to you from the FIF or FLP. [sections 617 or 619]

The records are to include details of:

• the calculation of the opening value of the FIF or FLP interest
• the acquisition and sale of interests in a FIF or FLP, and
• the distributions received from a FIF or FLP.