Income Tax Assessment Act 1936
PART X
-
ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES
For the purposes of applying this Act in calculating the attributable income of an eligible CFC, if the eligible CFC ' s commencing day is after 30 June 1995, Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 do not apply to CGT events involving the eligible CFC before the end of the commencing day.
Division 7
-
Calculation of attributable income of CFC
Subdivision C
-
Modifications relating to Australian capital gains tax
SECTION 408A
408A
CERTAIN EVENTS BEFORE COMMENCING DAY IGNORED
For the purposes of applying this Act in calculating the attributable income of an eligible CFC, if the eligible CFC ' s commencing day is after 30 June 1995, Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 do not apply to CGT events involving the eligible CFC before the end of the commencing day.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.