Under which situations attribution is required for taxable income within a Tax Group?

Tax Group
1

A Tax Group is required to calculate the Taxable Income attributable to one or more of its members in the following situations: -

  • When a member of the tax group has unutilized pre-Grouping Tax Losses.

  • When a member of the tax group has earned income for which the Tax Group can claim a Foreign Tax Credit.

  • When a member of the tax group benefits from Corporate Tax incentives or relief for a Qualifying Business Activity.

  • When a member of the tax group has unutilized carried forward pre-Grouping Net Interest Expenditure.