Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:6_18
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 6 cl 18
Character Range: 408369–409732

18  At the end of section 160‑25 (after the note)
Add:
 (3) If the *current year is the 2022‑23 income year:
 (a) the entity cannot *carry back an amount of a *tax loss to the 2018‑19 income year unless the entity was a *corporate tax entity throughout:
 (i) the 2018‑19 income year (disregarding any period when the entity was not in existence); and
 (ii) the 2019‑20 income year; and
 (iii) the 2020‑21 income year; and
 (iv) the 2021‑22 income year; and
 (b) the entity cannot carry back an amount of a tax loss to the 2019‑20 income year unless the entity was a corporate tax entity throughout:
 (i) the 2019‑20 income year (disregarding any period when the entity was not in existence); and
 (ii) the 2020‑21 income year; and
 (iii) the 2021‑22 income year; and
 (c) the entity cannot carry back an amount of a tax loss to the 2020‑21 income year unless the entity was a corporate tax entity throughout:
 (i) the 2020‑21 income year (disregarding any period when the entity was not in existence); and
 (ii) the 2021‑22 income year; and
 (d) the entity cannot carry back an amount of a tax loss to the 2021‑22 income year unless the entity was a corporate tax entity throughout the 2021‑22 income year (disregarding any period when the entity was not in existence).
Note: The entity must be a corporate tax entity throughout 2022‑23: see paragraph 160‑5(b).