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  • Are you required to keep attribution accounts?



    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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    There is no legal requirement for an attributable taxpayer of a CFC to keep attribution accounts. However, without such accounts you may not be able to justify a claim that dividends paid to you by the CFC out of income attributed to you is non-assessable non-exempt income.

    Last modified: 05 Dec 2006QC 18000