Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:12_16:p3
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 12 cl 16 (pt 3/3)
Character Range: 168169–168847

transfers mentioned in subsection (3) would have involved the first link company or the gain company as well as the other company.

 (5) Another circumstance is that the conditions in subsection 170‑130(1) and (2) would have been met for the *loss company and the gain company assuming:
 (a) the capital loss year consisted of the part of the income year in which the *net capital loss would have been transferred to the gain company under Subdivision 707‑A as described in paragraph (2)(c) occurring after the time the transfer would have occurred; and
 (b) so much (if any) of the application year as occurred before the time the transfer would have occurred were disregarded.