INCOME TAX ASSESSMENT ACT 1997 - SECT 175.55 When Commissioner can disallow capital loss of current year
INCOME TAX ASSESSMENT ACT 1997 - SECT 175.55
When Commissioner can disallow capital loss of current year This Subdivision sets out cases where the Commissioner may
prevent a company, in working out its * net capital gain or * net capital loss
for an income year, from applying all or part of a * capital loss it made
during the income year. This is called disallowing the capital loss or part.