Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:10_15:p7
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 10 cl 15 (pt 7/11)
Character Range: 106882–109618

for previous income years, after any reduction under subsection 830‑45(2); and
                (c) all the partner's *foreign hybrid net capital loss amounts in relation to the partnership for previous income years, after any reduction under subsection 830‑45(2); and
                (d) all deductions allowed to the partner under subsection 830‑50(2) or (3) in respect of the foreign hybrid for previous income years; and
                (e) all *capital losses that, as a result of subsection 830‑50(2) or (3), the partner made in respect of *CGT event K12 in respect of the foreign hybrid for previous income years.

Contribution in case of foreign hybrid company

 (2) For the purposes of step 1 in the method statement in subsection (1), if:
 (a) the *foreign hybrid is a *foreign hybrid company; and
 (b) the partner *acquired its *shares in the company from another shareholder; and
 (c) the payment or other consideration for the acquisition of the shares did not constitute the making of a contribution by the partner to the foreign hybrid;
the payment or other consideration is taken:
 (d) to be a contribution by the partner to the foreign hybrid; and
 (e) to be so contributed for as long as the partner holds the shares; and
 (f) to have been repaid to the partner to the extent of any payment that:
 (i) the foreign hybrid makes to the partner in respect of the share; and
 (ii) the foreign hybrid describes as a return of capital; and
 (iii) is attributable to the period during which the partner has held the shares.

830‑65  Meaning of outstanding foreign hybrid revenue loss amount

 (1) This section applies if a *foreign hybrid revenue loss amount of a partner in a *foreign hybrid in relation to an income year (the reduction year) is reduced under subsection 830‑45(2).

 (2) The partner has, for each later income year, an outstanding foreign hybrid revenue loss amount equal to the amount of the reduction, less the sum of any deductions allowable to the partner under subsection 830‑50(2) or (3) in respect of the outstanding foreign hybrid revenue loss amount for income years between the reduction year and the later income year.

Outstanding foreign hybrid revenue loss amount not to form part of tax loss

 (3) To avoid doubt, a partner's *outstanding foreign hybrid revenue loss amount for an income year cannot form part of a *tax loss for the purposes of Division 36.

830‑70  Meaning of outstanding foreign hybrid net capital loss amount

 (1) This section applies if a *foreign hybrid net capital loss amount of a partner in a *foreign hybrid in relation to an income year (the reduction year) is reduced under subsection 830‑45(2).

 (2) The partner has, for each later income year, an outstanding