Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 170.10

  (1)   A company (the loss company ) can transfer an amount of its * tax loss for an income year (the loss year ) to another company (the income company ) if the conditions in this Subdivision are met.

  (2)   The amount transferred can be the whole or part of the * tax loss.

Note:   A PDF cannot transfer a tax loss, except one for a period before it became a PDF: see section   195 - 10.