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06 Jun 2019 Increasing access to company losses

The ‘similar business test’ has been introduced to provide greater flexibility for businesses to use past year losses. These changes apply to losses made on or after 1 July 2015.

The new ‘similar business test’ is more flexible. It allows companies that have evolved and entered into new transactions or business activities in carrying on a similar business to access prior year losses.

Find out more here.


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