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.

Guide to Subdivision 165-CC



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