Income Tax Assessment Act 1997
A * capital loss, deduction, or partner's share of a deduction, that section 170-270 (about transactions within linked groups) requires to be disregarded is a 170-D deferred loss made:
(a) by the company that paragraph 170-255(1)(a) refers to as the originating company; and
(b) at the time of the event that paragraph refers to as the deferral event; and
(c) on the * CGT asset * acquired by the other entity referred to in that paragraph. 715-310(2)
The * 170-D deferred loss revives at the time when section 170-275 (as applying in relation to the deferral event) treats the originating company as having made a * capital loss, or having become entitled to a deduction, in respect of that asset.
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