Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If an amount of a * tax loss is transferred, the * income company can deduct the amount in accordance with section 36 - 17 (which is about how to deduct a tax loss), but only for the income year of the income company for which the amount is transferred. That income year is called the deduction year .
(2) The * loss company can no longer * utilise the transferred amount and is taken not to have incurred the * tax loss to the extent of that amount.