Attributed controlled foreign company (CFC) loss

DN 1 Attributed controlled foreign company loss
Deduction

(1)

A person is allowed a deduction for an attributed controlled foreign company (CFC) loss, subject to the jurisdictional ring-fencing rule in section DN 4.

Link with subpart DA

(2)

This section supplements the general permission and overrides the capital limitation. The other general limitations still apply.

Defined in this Act: attributed CFC loss, capital limitation, deduction, general limitation, general permission, supplement

Compare: 2004 No 35 s DN 1