Introduction

This content describes the following targeted anti-avoidance rules aimed at loss buying situations:

(1)the transfer of deductions TAAR in CTA 2010, s. 730C; and

(2)the profit transfers TAAR in CTA 2010, s. 730D.

Each rule is described separately below. Both are contained in CTA 2010, Part 14A and share common conditions and definitions in CTA 2010, ss. 730A to 730B.

Both rules require there to have been a qualifying change (within the meaning of CAA 2001, Part 2, Ch. 16A) in relation to a company (CTA 2010, s. 730A(1)).

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