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, 2021-22 or 2022-23 income year (the offset year ) unless the company is a PDF throughout the earlier income year and the offset year.


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