Income Tax Assessment Act 1997
SECTION 165-20 When company can deduct part of a tax loss 165-20(1)
If section 165-10 (which is about deducting a tax loss) prevents a company from deducting a *tax loss, the company can deduct the part of the tax loss that was incurred during a part of the loss year .
165-20(2)
However, the company can do this only if, assuming that part of the *loss year had been treated as the whole of the loss year for the purposes of section 165-10 , the company would have been entitled to deduct the *tax loss.
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