Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 170.250

What this Subdivision is about

This Subdivision provides that there is a deferral of a * capital loss or deduction if a company (the originating company ) that is a member of a * linked group disposes of a * CGT asset to, or creates a CGT asset in, another entity that:

  (a)   is a company that is also a member of the linked group; or

  (b)   is a connected entity of the originating company or an * associate of such a connected entity;

and the disposal or creation of the asset would have resulted in the originating company making a capital loss or becoming entitled to a deduction.

Table of sections

Operative provisions

170 - 255   Application of Subdivision

170 - 260   Linked group

170 - 265   Connected entity

170 - 270   Immediate consequences for originating company

170 - 275   Subsequent consequences for originating company

170 - 280   What happens if certain events happen in respect of the asset


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