Document ID: chunk:federal_register_of_legislation:C2025C00014:section:124zv
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 124ZV
Character Range: 1200117–1201078

124ZV  Unregulated investment component

Full‑year PDFs
 (1) The unregulated investment component of a year of income of a company that is a PDF throughout the year of income is the amount (if any) remaining after deducting from the company's taxable income of the year of income the company's SME income component of the year of income.

Part‑year PDFs
 (2) The unregulated investment component of a year of income of a company that becomes a PDF during the year of income and is still a PDF at the end of the year of income is the amount (if any) remaining after deducting from the company's adjusted taxable income of the year of income the company's SME income component of the year of income. For this purpose, adjusted taxable income means so much of the company's taxable income of the year of income as does not exceed its PDF component of the year of income.

Subdivision C—Adjustments of the tax treatment of capital gains and capital losses of PDFs