Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 170.10

When a company can transfer a tax loss

             (1)  A company (the loss company ) can transfer an amount of its * tax loss for an income year (the loss year ) to another company (the income company ) if the conditions in this Subdivision are met.

             (2)  The amount transferred can be the whole or part of the * tax loss.

Note:          A PDF cannot transfer a tax loss, except one for a period before it became a PDF: see section 195-10.



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