Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 8 Tax losses
Income Tax Assessment Act 1997
10 Section 36-25 (after the table headed 'Tax losses of companies')
Insert:
Tax losses of corporate tax entities
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Item |
For the special rules about this situation... |
See: |
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1. |
A *corporate tax entity that has an amount of *excess franking offsets for an income year: it works out its *tax loss in a special way. |
Subdivision 36-C |