Part 5: Record keeping for FIF attributable taxpayers
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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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:
Last modified: 28 Jun 2012QC 25628
- 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).