INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 [ARCHIVE]
Subsection 104-210(1) of the Income Tax Assessment Act 1997 applies to a net capital loss mentioned in subsection 160ZC(4A) of the Income Tax Assessment Act 1936 in the same way as it applies to a net capital loss referred to in subsection 102-5(2) of the Income Tax Assessment Act 1997 .
This provision covers the case where the net capital loss was for the 1997-1998 income year or an earlier one and the payment in respect of the debt was made in the 1998-99 income year or a later one.
S 104-210 inserted by No 46 of 1998.
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