INCOME TAX ASSESSMENT ACT 1997 - SECT 165.114 How to work out the company's net capital loss
INCOME TAX ASSESSMENT ACT 1997 - SECT 165.114
How to work out the company's net capital lossThe company's net capital loss for the income year is worked out in this way:
Working out the company's net capital loss
Step 1. Add up the * notional net capital losses (if any) worked out under section 165 - 108.
Step 2. If the Step 1 amount is more than zero, it is the company's net capital loss .
Note: For exceptions and modifications to these rules: see section
102 - 30.