s 375-110
In forceFilm loss for 1989‑90 or later income year
Chapter 3Specialist liability rules
Part 3-45Rules for particular industries and occupations
Division 375Australian films
Subdivision 375-GFilm losses
375-110 Film loss for 1989‑90 or later income year
(1)
To work out your film loss (if any) for the purposes of the Income Tax Assessment Act 1997 for the 1989‑90 or a later income year, apply former section 375‑810 of that Act.
(2)
You can deduct in the 1997‑98 or a later income year your film loss for any of the 1989‑90 to 1996‑97 income years only to the extent that it has not already been deducted.
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