INCOME TAX ASSESSMENT ACT 1936 - SECT 395 Expenditure incurred to produce income or profits in later statutory accounting periods

INCOME TAX ASSESSMENT ACT 1936 - SECT 395

    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.