Document ID: chunk:federal_register_of_legislation:C2025C00014:section:204:p4
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 204 (pt 4/6)
Character Range: 1751809–1754994

4—Attribution accounts
363 Attribution account entity
364 Attribution account percentage
365 Attribution account payment
366 Direct attribution account interest in a company
367 Direct attribution account interest in a partnership
368 Direct attribution account interest in a trust
369 Indirect attribution account interest in an entity
370 Attribution surplus
371 Attribution credit
372 Attribution debit
373 Grossed‑up amount of an attribution debit
Division 7—Calculation of attributable income of CFC
Subdivision A—Basic principles
381 Separate attributable income for each attributable taxpayer
382 Attributable income is taxable income calculated on certain assumptions
383 Basic assumptions
384 Additional assumption for unlisted country CFC
385 Additional assumption for listed country CFC
386 Adjusted tainted income
387 Reduction of attributable income because of interim dividends
Subdivision B—General modifications of Australian tax law
388 Double tax agreements to be disregarded
389 Certain provisions to be disregarded in calculating attributable income
389A Other provisions to be disregarded in calculating attributable income
390 Elections to be made by eligible taxpayer
392 Notional assessable amounts are to be pre‑tax
393 Notional allowable deduction for taxes paid
394 Notional allowable deduction for eligible finance share dividends, widely distributed finance share dividends and transitional finance share dividends
395 Expenditure incurred to produce income or profits in later statutory accounting periods
396 Modified application of sections 25A and 52
397 Modified application of trading stock provisions
398 Modified application of depreciation provisions
398A Application of Division 3A of Part III
399 Modifications of net income of partnerships and trusts
399A Modified application of bad debt etc. provisions
400 Modified cross‑border requirement for transfer pricing
401 Reduction of disposal consideration or capital proceeds if attributed income not distributed
402 Additional notional exempt income—unlisted or listed country CFC
403 Additional notional exempt income—unlisted country CFC
404 Application of Subdivision 768‑A of the Income Tax Assessment Act 1997
Subdivision C—Modifications relating to Australian capital gains tax
405 Interpretation
406 Meaning of commencing day and commencing day asset
408 Certain capital gains and losses disregarded
408A Certain events before commencing day ignored
409 Losses before 30 June 1990 to be disregarded
410 General modifications—CGT
411 Commencing day assets taken to have been acquired on commencing day
412 Cost base of commencing day asset
413 Adjustment of cost base as at commencing day—return of capital
414 Exercise of rights
418 Options
418A Effect of change of residence from Australia to listed or unlisted country
419 Modified application of Subdivision 126‑B of the Income Tax Assessment Act 1997
421 Elections under CGT roll‑over provisions
422 Adjustment of capital proceeds where change of residence by eligible CFC from unlisted to listed country
423 Adjustment of capital proceeds where section 47A applies to rolled‑over assets
Subdivision D—Modifications relating to losses