Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 175.1

What this Division is about

The Commissioner can reverse the effect of schemes that, in order to avoid tax, bring together in the same company:

        assessable income; and

        tax losses, current year deductions, or deductions for bad debts, that apart from the scheme would not be fully used.

Table of sections

175-5        When Commissioner can disallow deduction for tax loss

175-10      First case: income or capital gain injected into company because of available tax loss

175-15      Second case: someone else obtains a tax benefit because of tax loss available to company



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback