Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:15_12
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 15 cl 12
Character Range: 423512–424164

12  At the end of section 170‑270
Add:
 (2) To avoid doubt, the amount of the *capital loss, deduction, or partnership deduction, referred to in this section is:
 (a) the amount remaining after applying Division 723 or section 727‑615; or
 (b) nil, if none of the amount remains after applying that section or Division.
Note: Division 723 and section 727‑615 reduce a loss realised for income tax purposes by a realisation event happening to a non‑depreciating asset (in the case of Division 723) or an affected interest in a losing entity under an indirect value shift (in the case of section 727‑615).

Division 2—Saving and transitional provisions