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INCOME TAX ASSESSMENT ACT 1997 - SECT 715.310

What is a 170 - D deferred loss , and when it revives

  (1)   A * capital loss, deduction, or partner's share of a deduction, that section   170 - 270 (about transactions within linked groups) requires to be disregarded is a 170 - D deferred loss made:

  (a)   by the company that paragraph   170 - 255(1)(a) refers to as the originating company; and

  (b)   at the time of the event that paragraph refers to as the deferral event; and

  (c)   on the * CGT asset * acquired by the other entity referred to in that paragraph.

  (2)   The * 170 - D deferred loss revives at the time when section   170 - 275 (as applying in relation to the deferral event) treats the originating company as having made a * capital loss, or having become entitled to a deduction, in respect of that asset.


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