Legislation

ITAA 1997 s 707-327 of the IT(TP)A 1997 is drafted so that it applies on a loss by loss basis, with each loss being referable to the loss that was transferred under Subdivision 707-A

ATO documents that consider ITAA 1997 s 707-327 of the IT(TP)A 1997 is drafted so that it applies on a loss by loss basis, with each loss being referable to the loss that was transferred under Subdivision 707-A

1 document

TD 2005/D15 (Finalised)replacedTD · 2005

Income tax: consolidation: can the transferee make a choice under subsection 707-327(4) of the Income Tax (Transitional Provisions) Act 1997 to treat part of a loss transferred, under Subdivision 707-A of the Income Tax Assessment Act 1997, from a value donor as being included in another bundle of losses?