Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 6 Loss carry back consequential amendments
Part 1 Concepts and definitions
Income Tax Assessment Act 1997
26 Subsection 170-145(1)
Omit "the amount of the loss company's *net capital loss that, apart from the transfer, the loss company would carry forward to the next income year after the application year", substitute "what would be the amount of the *loss company's *unutilised *net capital loss at the end of the application year if the loss company utilised the net capital loss to the greatest extent possible".
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).