Schedules

Schedule 10Calculation of trade profits etc

Part 2Minor and consequential amendments

Chapter 2Amendments of other Acts

45ITA 2007

1

ITA 2007 is amended as follows—

2

In section 64(8) (deduction of losses from general income), omit paragraph (bb).

3

In section 72(5) (relief for individuals for losses in first 4 years of trade), omit paragraph (bb).