Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:1_41
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 1 cl 41
Character Range: 22724–23275

41  Paragraph 160ZZPR(2)(b)
Repeal the paragraph, substitute:
 (b) then, in reduction of any net capital losses that:
 (i) the taxpayer is taken to have incurred in respect of years of income (applicable years of income) earlier than the disposal year of income but not earlier than the 1995‑96 year of income; and
 (ii) would, apart from this Division, be applied in determining whether a net capital gain accrues to the taxpayer in respect of the disposal year of income (if sufficient capital gains were to accrue in the disposal year of income).