Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 166 - Income tax consequences of changing ownership or control of a widely held or eligible Division 166 company  

Subdivision 166-B - Working out the taxable income, tax loss, net capital gain and net capital loss for the income year of the change  

SECTION 166-35   Companies can choose that this Subdivision is not to apply to them  

166-35(1)    
The company can choose that Subdivisions 165-B and 165-CB are to apply to it for the income year without the modifications made by this Subdivision.

166-35(2)    
The company must choose on or before the day it lodges its *income tax return for the income year, or before a later day if the Commissioner allows.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.