Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:2_2:p13
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 13/14)
Character Range: 747923–750753

consequences of changing ownership or control of a company

Table of Subdivisions

165‑CA Applying net capital losses of earlier income years

165‑CB Working out the net capital gain and the net capital loss for the income year of the change

Subdivision 165‑CA—Applying net capital losses of earlier income years

165‑95  Application of Subdivision 165‑CA of the Income Tax Assessment Act 1997

  Subdivision 165‑CA of the Income Tax Assessment Act 1997 (about companies applying net capital losses of earlier income years) applies to assessments for the 1998‑99 income year and later income years.

Subdivision 165‑CB—Working out the net capital gain and the net capital loss for the income year of the change

165‑105  Application of Subdivision 165‑CB of the Income Tax Assessment Act 1997

  Subdivision 165‑CB of the Income Tax Assessment Act 1997 (about companies working out the net capital gain and the net capital loss for the income year of the change) applies to assessments for the 1998‑99 income year and later income years.

[The next Division is Division 170.]

Division 170—Treatment of company groups for income tax purposes

Table of Subdivisions

170‑B Transfer of net capital losses within wholly‑owned groups of companies

Subdivision 170‑B—Transfer of net capital losses within wholly‑owned groups of companies

170‑101 Application of Subdivision 170‑B of the Income Tax Assessment Act 1997

  Subdivision 170‑B of the Income Tax Assessment Act 1997 (about transfer of net capital losses within wholly‑owned groups of companies) applies to assessments for the 1998‑99 income year and later income years.

170‑175  Direct and indirect interests in the loss company

  Any reduction in the cost base and reduced cost base of a share or debt that has been made or is required to be made under subsection 160ZP(13) of the Income Tax Assessment Act 1936 (as that subsection applied from time to time) is taken to have been made or to have been required to be made under section 170‑175 of the Income Tax Assessment Act 1997.

170‑180  Direct and indirect interests in the gain company

  Any increase in the cost base and reduced cost base of a share or debt that has been made or is authorised to be made under subsections 160ZP(14) and (15) of the Income Tax Assessment Act 1936 (as those subsections applied from time to time) is taken to have been made or to have been authorised to be made under section 170‑175 of the Income Tax Assessment Act 1997.

[The next Division is Division 175.]

Division 175—Use of a company's losses, deductions or bad debts to avoid income tax

Table of Subdivisions

175‑CATax benefits from unused net capital losses of earlier income years

175‑CBTax benefits from unused capital losses of the current year

Subdivision 175‑CA—Tax benefits from