26‑68 Loss from disposal of eligible ven26‑68 Loss from disposal of eligible venture capital investments

#### 26‑68 Loss from disposal of eligible venture capital investments Partners in VCLPs and ESVCLPs (1) You cannot deduct under this Act your share of a loss made from the disposal or other realisation of an \*eligible venture capital investment if: (a) it is made by a \*VCLP, or an \*ESVCLP, that is \*unconditionally registered; and (b) were that disposal or other realisation to be a \*disposal of a \*CGT asset, your share of any \*capital gain or \*capital loss would be disregarded under section 118‑405 or 118‑407. Partners in AFOFs (2) You cannot deduct under this Act your share of a loss made from the disposal or other realisation of an \*eligible venture capital investment if: (a) it is made by: (i) an \*AFOF that is \*unconditionally registered; or (ii) a \*VCLP, or an \*ESVCLP, that is unconditionally registered and in which an AFOF that is \*unconditionally registered is a partner; and (b) were that disposal or other realisation to be a \*disposal of a \*CGT asset, your share of any \*capital gain or \*capital loss would be disregarded under section 118‑410. Eligible venture capital investors (3) You cannot deduct under this Act a loss made from the disposal or other realisation of an \*eligible venture capital investment if: (a) you are an \*eligible venture capital investor; and (b) were that disposal or other realisation to be a \*disposal of a \*CGT asset, any \*capital gain or \*capital loss would be disregarded under section 118‑415.