Miscellaneous 2021

Don't lose your losses

Source: Taxation In Australia Journal Article

Published Date: 1 Jul 2021


In tough economic times, it provides some (albeit small) comfort to know that any losses incurred by businesses can be used to offset income in other periods. However, with business restructures and changes of ownership, many companies and other entities will find themselves unable to claim the losses. Care needs to be taken when planning changes to businesses in order to ensure that the losses are maintained. This article considers how a business utilises losses, and, in particular, considers: the continuity
of ownership test and the business continuity test rules; the interplay with the tax consolidation rules; the new loss carry back rules; and valid strategies to maintain and utilise losses.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now


The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))


The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.


Miscellaneous 2021

Share this page