INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 170 - Treatment of certain company groups for income tax purposes  

Subdivision 170-A - Transfer of tax losses within certain wholly-owned groups of companies  

Effect of transferring a tax loss

SECTION 170-10   When a company can transfer a tax loss  

170-10(1)  


A company (the loss company ) can transfer an amount of its *tax loss for an income year (the loss year ) to another company (the income company ) if the conditions in this Subdivision are met.

170-10(2)  


The amount transferred can be the whole or part of the *tax loss.
Note:

A PDF cannot transfer a tax loss, except one for a period before it became a PDF: see section 195-10 .


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