INCOME TAX ASSESSMENT ACT 1997 - SECT 165.1 What this Division is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 165.1
What this Division is aboutA change in the ownership or control of a company can affect:
• whether it can deduct its tax losses of earlier income years; and
• how it calculates its taxable income and tax loss for the income year of the change; and
• whether it can deduct debts owed to it that are written off as bad.