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IQ 4: Group companies using attributed CFC net losses
or “How group companies can share certain overseas tax losses”
You could also call this:

“Removal of rule for group companies sharing foreign investment fund losses”

You can’t use this part of the law anymore. The government took it out of the law on 29 August 2011. This change affects how businesses deal with their taxes from the 2008-09 tax year onwards. The old rule was about how companies in a group could use something called “FIF net losses”, but now that rule doesn’t exist anymore.

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Next up: IQ 6: Pre-consolidation losses: general treatment

or “How to use pre-existing company losses when joining a consolidated group”
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Part I Treatment of tax losses
Attributed controlled foreign company net losses and foreign investment fund net losses

IQ 5Group companies using FIF net losses (Repealed)

    Notes
    • Section IQ 5: repealed (with effect on 1 April 2008), on (applying for the 2008–09 and later income years), by section 98(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).