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 loss carry back tax offset

SECTION 195-37   195-37   PDF cannot carry back tax loss  


A company that:

(a)  has a *tax loss for an income year; and

(b)  is a *PDF at the end of the income year;

cannot *carry back the loss to an earlier income year for the purposes of working out the amount of the company ' s *loss carry back tax offset for the 2020-21 or 2021-22 income year (the offset year ) unless the company is a PDF throughout the earlier income year and the offset year.


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.