Document ID: chunk:federal_register_of_legislation:C2010C00612:clause:3_2
Version: federal_register_of_legislation:C2010C00612
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 78727–79239

2  At the end of Division 26
Add:

26‑70  Loss from disposal of venture capital equity

  You cannot deduct under this Act a loss made from the disposal or other realisation of *venture capital equity in a *resident investment vehicle if:
 (a) it is made by a *venture capital entity or a *limited partnership referred to in subsection 118‑515(2); and
 (b) if that disposal or other realisation were a *disposal of a *CGT asset, any *capital gain or *capital loss would be disregarded under Subdivision 118‑G.