Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 195.65

Tax losses cannot be transferred to a VCLP, an ESVCLP, an AFOF or a VCMP

    A * limited partnership's * tax loss for a * loss year cannot be deducted in a later income year during which the partnership is a * VCLP, an * ESVCLP, an * AFOF or a * VCMP.


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