Income Tax Assessment Act 1936

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

Division 7 - Calculation of attributable income of CFC  

Subdivision C - Modifications relating to Australian capital gains tax  

SECTION 410  

410   GENERAL MODIFICATIONS - CGT  

For the purposes of applying this Act in calculating the attributable income of the eligible CFC, Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 apply as if these provisions were disregarded:

(a) section 116-85 (about section 47A of this Act applying to a rolled-over asset);

(b) section 116-95 (about a company changing residence from an unlisted country);

(c) section 118-12 (about assets used to produce exempt income etc.);

(d) section 855-45 (about an individual or company becoming an Australian resident);

(e) section 855-55 (about a CFC becoming an Australian resident);

(f) Subdivision 170-B (about transfer of net capital losses within company groups).