Income Tax Assessment Act 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 4 - Attribution accounts  

SECTION 373  

373   GROSSED-UP AMOUNT OF AN ATTRIBUTION DEBIT  

The grossed-up amount in relation to an attribution debit is:

(a) where subparagraph 372(2)(b)(i) applied in relation to the debit - the amount of the debit; or

(b) where subparagraph 372(2)(b)(ii) applied in relation to the debit - the amount of the debit, divided by the attribution account percentage referred to in that subparagraph.