Step 1 |
Insert your attribution percentage in the CFC at the end of the CFC's statutory period - as previously worked out in worksheet 1. |
$ |
|---|---|---|
Step 2 |
Work out your assessable income - multiply the amount at item a part A by the attribution percentage. |
$ |
Step 3 |
Insert the reduction amount you can claim if the CFC has income or gains which were accruals-taxed in a foreign country. |
$ |
Step 4 |
Take the amount in step 3 away from the amount in step 2. Show at B. |
$ |
Part B - Working out your share of attributable income
Last updated 3 May 2020
QC18104