Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 195 - Special types of company  

Subdivision 195-A - Pooled development funds (PDFs)  

Working out a PDF's net capital gain and net capital loss

SECTION 195-30   195-30   PDF cannot transfer net capital loss  

If a company is a *PDF at the end of an income year for which it has a *net capital loss, it cannot transfer any amount of the loss under Subdivision 170-B (which is about the transfer of net capital losses within certain wholly-owned groups of companies).