Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 195.70

Previous tax losses can be deducted after ceasing to be a VCLP, an ESVCLP, an AFOF or a VCMP

                   This Subdivision does not prevent a * limited partnership that has ceased to be a * VCLP, an * ESVCLP, an * AFOF or a * VCMP from deducting, in an income year, a * tax loss for a * loss year that occurred before the partnership was a VCLP, ESVCLP, AFOF or VCMP.



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