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

IQ 1A When this subpart applies This subpart applies when, for a country or territory and a tax year, a person has— (a) an amount of attributed CFC net loss or FIF net loss— (i) for the tax year: (ii) carried forward from an earlier tax year: (b) an amount of attributed CFC income or FIF income calculated under the branch equivalent method or attributed FIF income method and another person makes available to the person an amount of attributed CFC net loss or FIF net loss. Defined in this Act: attributed CFC net income, attributed CFC net loss , attributed FIF income method, branch equivalent method , company , FIF income , FIF net loss , group, tax year Section IQ 1A: inserted (with effect on 1 April 2008), on 29 August 2011 (applying for the 2008–09 and later income years), by section 92(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63). Section IQ 1A(b): amended (with effect on 1 July 2011), on 29 August 2011, by section 92(2) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).