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  • 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.

    End of attention

    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).
    Last modified: 26 May 2016QC 48087