Commonwealth Consolidated Acts

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

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 707.355

Ignore certain losses in working out when a choice can be made under this Subdivision

                   In working out when a choice may be made under subsection 707-325(5), 707-327(5), 707-328A(4) or 707-350(5), ignore losses to which section 713-535 of the Income Tax Assessment Act 1997 applies.

Note:          That section deals with losses transferred under Subdivision 707-A of that Act from certain wholly-owned subsidiaries of life insurance companies that are members of a consolidated group.

Table of sections

707-405    Special rules about losses referable to part of income year



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback