Income Tax Assessment Act 1997

Div 375 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

Subdiv 375-G repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010.

S 375-815 repealed by No 164 of 2007, s 3 and Sch 10 item 71, effective 1 July 2010. S 375-815 formerly read:

SECTION 375-815 Deductibility of film losses  
375-815(1)
You can deduct a ^* film loss only from your ^* net exempt film income or your ^* net assessable film income.

375-815(2)
Your net assessable film income for an income year is your ^* assessable film income for that year reduced by your ^* film deductions for that year.

375-815(3)
This section applies in addition to the other rules about how ^* tax losses are applied.