INCOME TAX ASSESSMENT ACT 1997 - SECT 170.110 When a company can transfer a net capital loss

INCOME TAX ASSESSMENT ACT 1997 - SECT 170.110

  (1)   A company (the loss company ) can transfer an amount of its * net capital loss for an income year (the capital loss year ) to another company (the gain company ) if the conditions in this Subdivision are met.

  (2)   The amount transferred can be the whole or part of the * net capital loss.

Note:   A PDF cannot transfer a net capital loss, except one for a period before it became a PDF: see section   195 - 30 of the Income Tax Assessment Act 1997 .