Legislation

ITAA 1997 s 707-350(3) of the IT(TP)A 1997, the limit for the amount of concessional losses in a bundle that can be utilised is strictly governed by items 1 to 3 in the table in that subsection and is not affected by any of the provisions in Subdivision 707-C

ATO documents that consider ITAA 1997 s 707-350(3) of the IT(TP)A 1997, the limit for the amount of concessional losses in a bundle that can be utilised is strictly governed by items 1 to 3 in the table in that subsection and is not affected by any of the provisions in Subdivision 707-C

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TD 2004/D59 (Finalised)replacedTD · 2004

Income tax: consolidation: is there any apportionment under section 707-335 of the Income Tax Assessment Act 1997 to the limits calculated under subsection 707-350(3) of the Income Tax (Transitional Provisions) Act 1997 regarding the utilisation of losses?