Show at label A the amount of attributed foreign income from controlled foreign entities and transferor trusts of listed countries.
Amounts entered at this Attributed income field passes automatically to the Foreign income worksheet (for). If necessary open the ‘for’ to enter foreign tax paid on the Attributed foreign income. Any foreign tax paid is required for the correct calculation of the foreign tax credit. This amount integrates from the Foreign income worksheet (for). Refer to Foreign income worksheet (for).
Refer to Attributed foreign income - listed country on the ATO website.
CCH References
21-130 Listed countries
21-190 Attribution of CFC Income to Attributable Taxpayers
21-200 Attributable Income of a CFC
21-290 Accruals Taxation of Non-Resident Trust Income
21-310 Attributable Taxpayers - Non-resident family trusts
21-360 Foreign investment funds
21-670 Income tax offsets
21-680 Entitlement to foreign income tax offset