Step 1: Summary of the notional assessable income of the CFC
Category of notional assessable income |
Amount |
|---|---|
Net capital gain under Parts 3-1 and 3-3 of ITAA 1997 |
$ |
Interest class |
$ |
Offshore banking class |
$ |
Modified passive class |
$ |
Other class |
$ |
Total in a |
$ |
Step 2: Summary of the notional allowable deductions of the CFC
The subtotal for any class of income should not be more than the amount of income shown in step 1 for that class. If you work out a higher amount, reduce it to the amount in step 1 for that class.
Amount + SEXI loss + P/Y loss = Subtotal
Class |
Amount |
SEXI loss |
P/Y loss |
Subtotal |
|---|---|---|---|---|
Interest |
$ |
$ |
$ |
$ |
Offshore banking |
$ |
$ |
$ |
$ |
Modified passive |
$ |
$ |
$ |
$ |
Other |
$ |
$ |
$ |
$ |
Non-quarantined |
$ |
$ |
$ |
$ |
Total in b |
- |
- |
- |
$ |
Amount is the total of the notional allowable deductions of each class of income before any quarantining and previous years' losses. It does not include a sometimes exempt income loss.
SEXI loss is the sometimes exempt income loss of each class of income.
P/Y loss is the notional allowable deduction for previous years losses of a class of income.
Step 3: Attributable income of the CFC before reduction
Category |
Amount |
|---|---|
Attributable income of the CFC before any reduction for interim dividends paid - item a less item b. Show at c. |
$ |
Step 4: Attributable income of the CFC before reduction
Attributable income of the CFC before any reduction for interim dividends paid - item a less item b.
Category |
Amount |
|---|---|
Interim dividends paid by the CFC from the amount at item c. Show at d. |
$ |