Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 165.20

When company can deduct part of a tax loss

             (1)  If section 165-10 (which is about deducting a tax loss) prevents a company from deducting a * tax loss, the company can deduct the part of the tax loss that was incurred during a part of the loss year .

             (2)  However, the company can do this only if, assuming that part of the * loss year had been treated as the whole of the loss year for the purposes of section 165-10, the company would have been entitled to deduct the * tax loss.

Guide to Subdivision 165-B



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