s 170-155
In forceOrdering rule for losses previously transferred under Subdivision 707‑A of the Income Tax Assessment Act 1997
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
170-155 Ordering rule for losses previously transferred under Subdivision 707‑A of the Income Tax Assessment Act 1997
If 2 or more losses that a company can transfer for an income year under Subdivision 170‑B of the Income Tax Assessment Act 1997 were previously transferred to it under Subdivision 707‑A of that Act, it must transfer first those losses (if any) covered by subsection 707‑350(1).
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