s 175-78
In forceApplication of Subdivision 175‑C of the Income Tax Assessment Act 1997
Chapter 3Specialist liability rules
Part 3-5Corporate taxpayers and corporate distributions
Division 175Use of a company’s losses, deductions or bad debts to avoid income tax
Subdivision 175-CTax benefits from unused bad debt deductions
175-78 Application of Subdivision 175‑C of the Income Tax Assessment Act 1997
Subdivision 175‑C of the Income Tax Assessment Act 1997 (about companies obtaining tax benefits from unused bad debt deductions) applies to assessments for the 1998‑99 income year and later income years.
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