Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 375 - Australian films  

Subdivision 375-G - Film losses  

SECTION 375-110   Film loss for 1989-90 or later income year  

375-110(1)    

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To work out your film loss (if any) for the purposes of the Income Tax Assessment Act 1997 for the 1989-90 or a later income year, apply former section 375-810 of that Act.

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History

S 375-110(1) amended by No 164 of 2007, s 3 and Sch 10 item 90, by inserting " former " before " section 375-810 " , effective 1 July 2010.

375-110(2)    
You can deduct in the 1997-98 or a later income year your film loss for any of the 1989-90 to 1996-97 income years only to the extent that it has not already been deducted.

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History

Archived:

Div 385 and 387 repealed as inoperative by No 101 of 2006 , s 3 and Sch 1 items 281 and 282, effective 14 September 2006. For application and savings provisions and for former wording see the CCH Australian Income Tax Legislation archive .

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