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CQ 2: When attributed CFC income arises
or “When you might have income from a controlled foreign company”
You could also call this:

“How to work out your attributed CFC income or loss”

When you want to figure out how much attributed CFC income you have, you need to use special rules. These rules are found in sections EX 18 to EX 20 of the Income Tax Act 2007. These sections tell you exactly how to calculate your attributed CFC income or loss. It’s important to follow these rules carefully to get the right amount.

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Next up: CQ 4: Foreign investment fund income

or “Income from overseas investments must be included in your total income”
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Part C Income
Attributed income from foreign equity

CQ 3Calculation of attributed CFC income

  1. The amount of attributed CFC income is calculated under the rules in sections EX 18 to EX 20 (which relate to the calculation of attributed CFC income or loss).

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