Section IE 1 — Income Tax Act 2007: When this subpart applies

IE 1 When this subpart applies This subpart applies if, in an amalgamation,— (a) either the amalgamating company or the amalgamated company has, before the date of the amalgamation, a tax loss component or ring-fenced tax loss: (b) a company that is part of a group of companies has a tax loss for the tax year of amalgamation that may be made available to the amalgamated company to subtract from its net income for the tax year. Defined in this Act: amalgamated company , amalgamating company , amalgamation , group of companies , net income , ring-fenced tax loss , tax loss , tax loss component , tax year , Compare: 2004 No 35 ss IF 4–IF 6