Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if a * foreign hybrid net capital loss amount of a partner in a * foreign hybrid in relation to an income year (the reduction year ) is reduced under subsection 830 - 45(2).
(2) The partner has, for each later income year, an outstanding foreign hybrid net capital loss amount equal to the amount of the reduction, less the sum of any * capital losses that, as a result of subsection 830 - 50(2) or (3), the partner makes in respect of * CGT event K12 in respect of the outstanding foreign hybrid net capital loss amount for income years between the reduction year and the later income year.