INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 770.25 Tax loss has foreign loss component

Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 770.25

Tax loss has foreign loss component

A tax loss an entity is taken to have under section 770-1 has a separate component (the foreign loss component ). The amount of the component is the amount of the convertible foreign loss.

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