Document ID: chunk:federal_register_of_legislation:C2025C00014:section:395
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 395
Character Range: 1987248–1987909

395  Expenditure incurred to produce income or profits in later statutory accounting periods
  In determining whether expenditure incurred by the eligible CFC during the eligible period for the purpose of gaining or producing income or profits in a later statutory accounting period is a notional allowable deduction under a particular provision, it is to be assumed that:
 (a) there will be a requirement under this Division to calculate the attributable income of the eligible CFC for that later statutory accounting period; and
 (b) for that purpose, the eligible CFC will always be a resident of the listed country or unlisted country, as the case may be.