Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteIn working out an amount under subsection 170-145(7) of the Income Tax Assessment Act 1997 (which may limit the amount of a net capital loss that can be transferred under Subdivision 170-B of that Act), disregard these sections of this Act:
(a) section 707-325 (which lets the available fraction for a bundle of losses be greater than it would otherwise be);
(b) section 707-327 (which effectively lets the available fraction relevant to the utilisation of a loss be chosen in some cases);
(c) section 707-350 (which sets the limit on utilising certain losses in a bundle).
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