Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-5
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CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS
Division 195
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Special types of company
Subdivision 195-A
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Pooled development funds (PDFs)
Working out a PDF's net capital gain and net capital loss
SECTION 195-25 195-25 Applying a PDF's net capital losses
If a company is a *PDF at the end of an income year for which it has a *net capital loss, it can apply the loss in working out its *net capital gain for a later income year only if it is a PDF throughout the last day of the later income year.
SECTION 195-25 195-25 Applying a PDF's net capital losses
If a company is a *PDF at the end of an income year for which it has a *net capital loss, it can apply the loss in working out its *net capital gain for a later income year only if it is a PDF throughout the last day of the later income year.
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