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A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2, but they may affect other Parts of Chapter 2 in minor ways.

Division 110 - Tax-related transactions    View history reference

Subdivision 110-A - Income tax-related transactions    View history reference

110-5  Transfers of tax losses and net capital losses  

 View history reference

(1)  

A supply is not a *taxable supply if the supply is:


(a) the transfer of a *tax loss in accordance with Subdivision 170-A of the *ITAA 1997; or


(b) the transfer of a *net capital loss in accordance with Subdivision 170-B of the ITAA 1997.

(2)  

This section has effect despite section 9-5 (which is about what are taxable supplies).


 



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