New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 14 Loss integrity rules: global method of valuing assets
Part 1 Income Tax Assessment Act 1997
8 After subsection 165-115S(6)
Insert:
(6A) Subsection (6) does not apply to paragraphs (3)(c) and (5)(c) if the company has chosen to use the*global method of working out whether it has an adjusted unrealised loss at the current alteration time.
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