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New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Attributed losses from foreign equity

DN 3: Calculation of attributed CFC loss

You could also call this:

“How to figure out an attributed CFC loss”

You can find out how much an attributed CFC loss is by looking at sections EX 18 to EX 20. These sections tell you how to work out attributed CFC income or loss. The rules for calculating the loss are the same as the rules for calculating the income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513899.

Topics:
Money and consumer rights > Taxes
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DN 2: When attributed CFC loss arises, or

“Rules for when you can claim a loss from a foreign company you control”

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DN 4: Ring-fencing cap on deduction, or

“Limits on deductions for losses from controlled foreign companies”

Part D Deductions
Attributed losses from foreign equity

DN 3Calculation of attributed CFC loss

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

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