Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 195 - Special types of company  

Subdivision 195-B - Limited partnerships  

Operative provisions

SECTION 195-70  

195-70   Previous tax losses can be deducted after ceasing to be a VCLP, an ESVCLP, an AFOF or a VCMP  

This Subdivision does not prevent a *limited partnership that has ceased to be a *VCLP, an *ESVCLP, an *AFOF or a *VCMP from deducting, in an income year, a *tax loss for a *loss year that occurred before the partnership was a VCLP, ESVCLP, AFOF or VCMP.