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Reduction of disposal consideration where attributable income is not distributed

Last updated 4 December 2006

An adjustment will be made to the consideration received by a CFC in respect of the disposal of an interest in an attribution account entity if the income or profits of that entity have been attributed to you but have not been distributed. The adjustment only applies where the consideration is included in working out notional assessable income - whether under the capital gains tax provisions or any other provision.