Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:12_13
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 12 cl 13
Character Range: 162382–162996

13  At the end of section 170‑115
Add:

 (3) Despite subsection (1), if the *net capital loss is transferred because the conditions in section 170‑132 are met, the gain company is taken to have made the net capital loss for the income year for which the first prior transferor mentioned in that section made the net capital loss.

 (4) Despite subsection (1), if the *net capital loss is transferred because the condition in subsection 170‑142(4) is met, the gain company is taken to have made the net capital loss for the income year for which that subsection assumes the gain company made the net capital loss.