Taxation Laws Amendment (Venture Capital) Act 2002 (136 of 2002)
Schedule 2 Flow-through treatment, and related matters
Income Tax Assessment Act 1997
22 Section 36-25 (after the table headed Tax losses of pooled development funds (PDFs) )
Insert:
Tax losses of VCLPs, AFOFs and VCMPs
|
Item |
For the special rules about this situation... |
See: |
|---|---|---|
|
1. |
A limited partnership that has a tax loss becomes a VCLP, an AFOF or a VCMP: it cannot deduct the loss while it is a VCLP, an AFOF or a VCMP. |
Subdivision 195-B |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
