Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:6_14
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 6 cl 14
Character Range: 405747–406526

14  After subsection 160‑10(4)
Insert:

Income tax liability for the 2018‑19, 2019‑20 or 2020‑21 income year already utilised—entitlement to loss carry back tax offset for 2022‑23 income year
 (4A) Subsection (4B) applies in relation to applying paragraph (2)(b) to work out the entity's *loss carry back tax offset component for the 2018‑19, 2019‑20 or 2020‑21 income year (the gain year) as part of working out the entity's entitlement to a *loss carry back tax offset for the 2022‑23 income year.
 (4B) Disregard so much of the entity's *income tax liability for the gain year as has previously been included (as part of working out the entity's entitlement to a *loss carry back tax offset for the 2020‑21 or 2021‑22 income year) in a *loss carry back tax offset component.