Attribution of current year profits



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

If you are an attributable taxpayer of a CFC at the end of the CFC's statutory accounting period, you may need to include the whole or a part of the profits of that period in your assessable income.

The attribution of current year profits of a CFC may be reduced if you have been subject to dividend attribution or attribution on change of residence by the CFC. Read chapter 3 and appendix 3 to see whether either of these apply to you.

Last modified: 05 Dec 2006QC 18000