If 2 or more losses that a company can transfer for an income year under Subdivision 170-A of the Income Tax Assessment Act 1997 were previously transferred to it under Subdivision 707-A of that Act, it must transfer first those losses (if any) covered by subsection 707-350(1).
Table of sections
170-101 Application of Subdivision 170-B of the Income Tax Assessment Act 1997
170-145 Special rules affecting utilisation of losses in a bundle do not affect the amount of a net capital loss that can be transferred
170-155 Ordering rule for losses previously transferred under Subdivision 707-A of the Income Tax Assessment Act 1997