New Business Tax System (Integrity and Other Measures) Act 1999 (Incorporating amendments up to Act No. 78 of 2001) (169 of 1999)
Schedule 5 Transfers of losses within wholly-owned company groups
Income Tax Assessment Act 1997
1 Section 112-95
Repeal the section, substitute:
112-95 Transfer of tax losses and net capital losses within wholly-owned groups of companies
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Transfer of tax losses and net capital losses within wholly-owned groups of companies |
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Item |
In this situation: |
Element affected: |
See section: |
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1 |
An amount of a tax loss is transferred and a company has a direct or indirect equity interest in the loss company |
The total cost base and reduced cost base |
170-210 |
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2 |
An amount of a tax loss is transferred and a company has a direct or indirect debt interest in the loss company |
The reduced cost base |
170-210 |
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3 |
An amount of a tax loss is transferred and a company has a direct or indirect equity or debt interest in the income company |
The total cost base and reduced cost base |
170-215 |
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4 |
An amount of a net capital loss is transferred and a company has a direct or indirect equity interest in the loss company |
The total cost base and reduced cost base |
170-220 |
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5 |
An amount of a net capital loss is transferred and a company has a direct or indirect debt interest in the loss company |
The reduced cost base |
170-220 |
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6 |
An amount of a net capital loss is transferred and a company has a direct or indirect equity or debt interest in the gain company |
The total cost base and reduced cost base |
170-225 |