Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-5
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CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS
Division 195
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Special types of company
Subdivision 195-A
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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).
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).
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