Appendix 3 - Summaries and worksheets

Overview

Section 1 of this appendix contains the following summary sheets that may be useful when preparing your tax return.

Summary sheet 1	attributed income
Summary sheet 2	working out your share of the attributable income of a CFC
Summary sheet 3	active income test

Section 1 also contains the following worksheets:

• worksheet 1 - working out your control and attribution percentages
• worksheet 2 - working out the tainted income ratio for a CFC
• worksheet 3 - working out amounts from partnerships to be included in the tainted income ratio
• worksheet 4 - working out the attributable income of a CFC.

Section 2 contains a summary sheet for the transferor trust and related measures (summary sheet 4).

The summaries and worksheets are intended as guides only and may not cover all the qualifications and conditions contained in the law that may apply to a particular case.

This guide explains measures relating to the taxation of foreign income derived by, or attributed to, Australian residents. NAT 1840-6.2008.