Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

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Pt 3-5 inserted by No 46 of 1998.

Division 170 - Treatment of company groups for income tax purposes  

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Div 170 inserted by No 46 of 1998.

Subdivision 170-C - Provisions applying to both transfers of tax losses and transfers of net capital losses within wholly-owned groups of companies  

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Subdiv 170-C inserted by No 169 of 1999.

SECTION 170-220  

170-220   Direct and indirect interests in the loss company  

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Any reduction in the cost base and reduced cost base of a share or in the reduced cost base of a debt that has been made or is required to be made under former subsection 160ZP(13) of the Income Tax Assessment Act 1936 (as that subsection applied from time to time) is taken to have been made or to be required to be made under section 170-220 of the Income Tax Assessment Act 1997 .

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S 170-220 amended by No 101 of 2006 , s 3 and Sch 2 item 851, by amending the reference to a repealed inoperative provision, effective 14 September 2006. For application and savings provisions see the CCH Australian Income Tax Legislation archive .

S 170-220 inserted by No 169 of 1999.

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