Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:12_21
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 12 cl 21
Character Range: 174279–175059

21  At the end of section 170‑155
Add:

 (2) If:
 (a) the *loss company has 2 or more *net capital losses it can transfer for the application year; and
 (b) it made at least one of those losses apart from Subdivision 707‑A and at least one of those losses because of a transfer under that Subdivision;
it can transfer under this Subdivision the losses it made because of a transfer under Subdivision 707‑A only after transferring under this Subdivision the losses it made apart from that Subdivision.

 (3) For the purposes of subsection (2), treat a loss made by the company both apart from Subdivision 707‑A and because of a transfer under that Subdivision as a loss made because of a transfer under that Subdivision.

 (4) Subsection (1) has effect subject to subsection (2).