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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-95  Transfer of tax losses and net capital losses within wholly-owned groups of companies  

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Transfer of tax losses and net capital losses within wholly-owned groups of companies
ItemIn this situation:Element affected:See section:
1An amount of a tax loss is transferred and a company has a direct or indirect equity interest in the loss companyThe total cost base and reduced cost base170-210
...........
2An amount of a tax loss is transferred and a company has a direct or indirect debt interest in the loss companyThe reduced cost base170-210
...........
3An amount of a tax loss is transferred and a company has a direct or indirect equity or debt interest in the income companyThe total cost base and reduced cost base170-215
...........
4An amount of a net capital loss is transferred and a company has a direct or indirect equity interest in the loss companyThe total cost base and reduced cost base170-220
...........
5An amount of a net capital loss is transferred and a company has a direct or indirect debt interest in the loss companyThe reduced cost base170-220
...........
6An amount of a net capital loss is transferred and a company has a direct or indirect equity or debt interest in the gain companyThe total cost base and reduced cost base170-225


 



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