Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-5
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CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS
Division 165
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Income tax consequences of changing ownership or control of a company
Subdivision 165-CB
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Working out the net capital gain and the net capital loss for the income year of the change
Guide to Subdivision 165-CB
SECTION 165-99 What this Subdivision is about
View history note
Hide history noteSECTION 165-99 What this Subdivision is about
A company that has not had the same ownership and control during the income year, and has not satisfied the business continuity test, works out its net capital gain and net capital loss under this Subdivision.
| When a company must work out its net capital gain and net capital loss under this Subdivision | |
| 165-102 | On a change of ownership, or of control of voting power, unless the company satisfies the business continuity test |
| Working out the company ' s net capital gain and net capital loss | |
| 165-105 | First, divide the income year into periods |
| 165-108 | Next, calculate the notional net capital gain or notional net capital loss for each period |
| 165-111 | How to work out the company ' s net capital gain |
| 165-114 | How to work out the company ' s net capital loss |
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