Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:6_57
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 6 cl 57
Character Range: 78098–78600

57  At the end of Subdivision 195‑A
Add:

Working out a PDF's loss carry back tax offset

195‑37  PDF cannot carry back tax loss
  A company that:
 (a) has a *tax loss for an income year; and
 (b) is a *PDF at the end of the income year;
cannot *carry back the loss to an earlier income year for the purposes of working out the amount of the company's *loss carry back tax offset for an income year (the offset year) unless the company is a PDF throughout the earlier income year and the offset year.