Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5
Character Range: 1750455–1751842

5                                                         A company                                                                                                     It cannot apply a net capital loss unless:                                                                                                                                                                                              Subdivision
                                                                                                                                                                        • the same people owned the company during the loss year, the income year and any intervening year; and                                                                                                                                 165‑CA
                                                                                                                                                                        • no person controlled the company's voting power at any time during the income year who did not also control it during the whole of the loss year and any intervening year;
                                                                                                                                                                        or the company has satisfied the business continuity test.