Introduction Overview Overview Section 697: Restriction on the carry forward of non-trading deficit from loan relationships
2167.This section restricts relief for the company’s non-trading deficit on its loan relationships in cases in which this Chapter applies. It is based on section 768C of, and paragraph 10A of Schedule 28A to, ICTA.
2168.Debits and deficits have different functions in the loan relationships regime, therefore this Chapter imposes different restrictions on them.