409
CurrentLosses before 30 June 1990 to be disregarded
Volume 4Part VIIB to Part X, Division 11 (sections 251R to 468)
Part XAttribution of income in respect of controlled foreign companies
Division 7Calculation of attributable income of CFC
Subdivision CModifications relating to Australian capital gains tax
409 Losses before 30 June 1990 to be disregarded
For the purposes of applying this Act in calculating the attributable income of the eligible CFC, capital losses incurred before the end of 30 June 1990 are disregarded.
This Act’s bill:Second reading speech
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