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-D - Transactions by a company that is a member of a linked group  

SECTION 170-250   What this Subdivision is about  


This Subdivision provides that there is a deferral of a *capital loss or deduction if a company (the originating company ) that is a member of a *linked group disposes of a *CGT asset to, or creates a CGT asset in, another entity that:

  • (a) is a company that is also a member of the linked group; or
  • (b) is a connected entity of the originating company or an *associate of such a connected entity;
  • and the disposal or creation of the asset would have resulted in the originating company making a capital loss or becoming entitled to a deduction.


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