Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 707.300

What this Subdivision is about

Losses transferred to the head company of a consolidated group under Subdivision   707 - A can be utilised for an income year only against a fraction of the income or gains remaining after the company has utilised other losses and deductions.

  Note:   This Subdivision does not apply if the joining entity is a designated infrastructure project entity just before the transfer and the head company is a designated infrastructure project entity just after the transfer: see section   415 - 45.

Table of sections

Object

707 - 305   Object of this Subdivision

How much of a transferred loss can be utilised?

707 - 310   How much of a transferred loss can be utilised?

707 - 315   What is a bundle of losses?

707 - 320   What is the available fraction for a bundle of losses?

707 - 325   Modified market value of an entity becoming a member of a consolidated group

707 - 330   Losses transferred from former head company

707 - 335   Limit on utilising transferred losses if circumstances change during income year

707 - 340   Utilising transferred losses while exempt income remains

707 - 345   Other provisions are subject to this Subdivision


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