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
9 At the end of section 165-115T
Add:
(2) Subsection (1) does not apply to an adjusted unrealised loss that the company had at a previous alteration time if the company has chosen to use the*global method of working out whether it has an adjusted unrealised loss at that previous time.
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