CTHIn ForceAct
Income Tax Assessment Act 1997
26‑70 Loss from disposal of venture capi26‑70 Loss from disposal of venture capital equity
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#### 26‑70 Loss from disposal of venture capital equity
You cannot deduct under this Act a loss made from the disposal or other realisation of \*venture capital equity in a \*resident investment vehicle if:
(a) it is made by a \*venture capital entity or a \*limited partnership referred to in subsection 118‑515(2); and
(b) if that disposal or other realisation were a \*disposal of a \*CGT asset, any \*capital gain or \*capital loss would be disregarded under Subdivision 118‑G.