INCOME TAX ASSESSMENT ACT 1997 - SECT 170.65 Agreement transfers as much as can be transferred
INCOME TAX ASSESSMENT ACT 1997 - SECT 170.65
Agreement transfers as much as can be transferred(1) If the amount specified in an agreement exceeds the maximum amount that the * loss company can transfer to the * income company in the * deduction year, only that maximum amount is taken to have been transferred.
(2) O ne reason why an agreement might specify more than can be
transferred is that an assessment has been amended since the agreement.