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Part 5: Record keeping for FIF attributable taxpayers

Last updated 27 June 2012

You should maintain records relating to your FIF attribution accounts - for more information, see FIF attribution accounts.

Keeping these records enables you to correctly calculate your entitlement to:

  • the exemption of distributions paid out of profits which were previously attributed to you (section 23AK), and
  • a reduction of the amount to include in your assessable income after the disposal of a FIF interest (section 23B).

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