Income Tax Assessment Act 1936
PART X
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ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES
For the purposes of applying this Act in calculating the attributable income of the eligible CFC, capital losses incurred before the end of 30 June 1990 are disregarded.
Division 7
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Calculation of attributable income of CFC
Subdivision C
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Modifications relating to Australian capital gains tax
SECTION 409
409
LOSSES BEFORE 30 JUNE 1990 TO BE DISREGARDED
For the purposes of applying this Act in calculating the attributable income of the eligible CFC, capital losses incurred before the end of 30 June 1990 are disregarded.
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