New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
Schedule 3 Consolidation: effect on cost base rules etc. of loss of pre-CGT status of membership interests
Part 2 Consequential CGT amendments
Income Tax Assessment Act 1997
4 Section 102-30 (after table item 7)
Insert:
|
7A |
The head company of a consolidated group |
The head company of a consolidated group must apply the capital loss from CGT event L1 over at least 5 income years |
section 104-500 |