Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 170.165

Agreement transfers as much as can be transferred

  (1)   If the amount specified in an agreement exceeds the maximum amount that the loss company can transfer to the gain company in the application year, only that maximum amount is taken to have been transferred.

  (2)   One reason why an agreement might specify more than can be transferred is that an assessment has been amended since the agreement.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback