Income Tax Assessment Act 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS Division 165 - Income tax consequences of changing ownership or control of a company SECTION 165-1 What this Division is about
whether it can deduct its tax losses of earlier income years; and
how it calculates its taxable income and tax loss for the income year of the change; and
whether it can deduct debts owed to it that are written off as bad.
A change in the ownership or control of a company can affect: