Document ID: chunk:federal_register_of_legislation:C2004C00958:schedule:2:p4
Version: federal_register_of_legislation:C2004C00958
Segment Type: schedule
Provision Reference: sch 2 (pt 4/4)
Character Range: 889755–890863

group

 (2) The amount transferred also cannot exceed the total of the respective *cost bases at the end of the application year (excluding indexation) of:

 (a) each *share in the loss company that is held at the end of the application year by a company that:

 (i) was a member of the same *wholly‑owned group as the loss company throughout the application year (disregarding a period when either was not *in existence); and

 (ii) *acquired the share on or after 20 September 1985; and

 (b) each debt that the loss company owes at the end of the application year, for money it *borrowed, to a company that:

 (i) was a member of the same *wholly‑owned group as the loss company throughout the application year (disregarding a period when either was not *in existence); and

 (ii) *acquired the debt on or after 20 September 1985.

 (3) No amount can be transferred if there is no such share or debt.

 (4) Subsections (2) and (3) do not apply if the gain company is a *100% subsidiary of the loss company throughout the application year (disregarding a period when either was not *in existence).