Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 175 - Use of a company ' s losses, deductions or bad debts to avoid income tax  

Subdivision 175-CA - Tax benefits from unused net capital losses of earlier income years  

SECTION 175-40  

175-40   Application of Subdivision 175-CA of the Income Tax Assessment Act 1997  

Subdivision 175-CA of the Income Tax Assessment Act 1997 (about companies obtaining tax benefits from unused net capital losses of earlier income years) applies to assessments for the 1998-99 income year and later income years.