Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 166 - Income tax consequences of changing ownership or control of a widely held or eligible Division 166 company  

Subdivision 166-A - Deducting tax losses of earlier income years  

SECTION 166-15   Companies can choose that this Subdivision is not to apply to them  

166-15(1)  
The company can choose that Subdivision 165-A is to apply to it for the income year without the modifications made by this Subdivision.

166-15(2)  
The company must choose on or before the day it lodges its *income tax return for the income year, or before a later day if the Commissioner allows.


 

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