Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a tax loss or a net capital loss is transferred between companies in the same wholly - owned group, this Subdivision provides for adjustments to:
(a) the cost base and reduced cost base of direct and indirect equity interests held by group companies in the loss company, or in the income company or gain company; and
(b) the reduced cost base of direct and indirect debt interest held by group companies in the loss company; and
(c) the cost base and reduced cost base of direct and indirect debt interests held by group companies in the income company or gain company.
Table of sections
Operative provisions
170 - 205 Object of Subdivision
170 - 210 Transfer of tax loss: direct and indirect interests in the loss company
170 - 215 Transfer of tax loss: direct and indirect interests in the income company
170 - 220 Transfer of net capital loss: direct and indirect interests in the loss company
170 - 225 Transfer of net capital loss: direct and indirect interests in the gain company