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.


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