INCOME TAX ASSESSMENT ACT 1997 - SECT 170.120 Gain company is taken to have made transferred loss
INCOME TAX ASSESSMENT ACT 1997 - SECT 170.120
Gain company is taken to have made transferred loss(1) If an amount of a * net capital loss is transferred, the amount is taken to be a * net capital loss of the gain company for the capital loss year.
(2) However, if the capital loss year is the same as the
application year, the amount is taken to be a * capital loss of the gain
company for the application year.