s 170-145
In forceSpecial rules affecting utilisation of losses in a bundle do not affect the amount of a net capital loss that can be transferred
Chapter 3Specialist liability rules
Part 3-5Corporate taxpayers and corporate distributions
Division 170Treatment of company groups for income tax purposes
Subdivision 170-BTransfer of net capital losses within certain wholly‑owned groups of companies
170-145 Special rules affecting utilisation of losses in a bundle do not affect the amount of a net capital loss that can be transferred
In working out an amount under subsection 170‑145(7) of the Income Tax Assessment Act 1997 (which may limit the amount of a net capital loss that can be transferred under Subdivision 170‑B of that Act), disregard these sections of this Act:
(a)
section 707‑325 (which lets the available fraction for a bundle of losses be greater than it would otherwise be);
(b)
section 707‑327 (which effectively lets the available fraction relevant to the utilisation of a loss be chosen in some cases);
(c)
section 707‑350 (which sets the limit on utilising certain losses in a bundle).
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