Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

2   CGT (new Parts 3-1, 3-3 and 3-5)

3   Consequential amendment of the Income Tax Assessment Act 1936

361   Section 124ZZD

Repeal the section, substitute:

124ZZD No net capital loss

The company does not make a net capital loss for the year of income, despite section 102-10 of the Income Tax Assessment Act 1997.