Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
2 CGT (new Parts 3-1, 3-3 and 3-5)
3 Consequential amendment of the Income Tax Assessment Act 1936
361 Section 124ZZD
Repeal the section, substitute:
124ZZD No net capital loss
The company does not make a net capital loss for the year of income, despite section 102-10 of the Income Tax Assessment Act 1997.
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