Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 165.114

How to work out the company's net capital loss

    The company's net capital loss for the income year is worked out in this way:

Working out the company's net capital loss

Step 1.   Add up the * notional net capital losses (if any) worked out under section   165 - 108.

Step 2.   If the Step 1 amount is more than zero, it is the company's net capital loss .

Note:   For exceptions and modifications to these rules: see section   102 - 30.


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