INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-95   Transfer of tax losses and net capital losses within wholly-owned groups of companies  



Transfer of tax losses and net capital losses within wholly-owned groups of companies
Item In this situation: Element affected: See section:
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
.
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
.
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
.
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
.
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
.
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


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