Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A company (the loss company ) can transfer an amount of its * net capital loss for an income year (the capital loss year ) to another company (the gain company ) if the conditions in this Subdivision are met.
(2) The amount transferred can be the whole or part of the * net capital loss.
Note: A PDF cannot transfer a net capital loss, except one for a period before it became a PDF: see section 195 - 30 of the Income Tax Assessment Act 1997 .