Published on 22 Mar 00
by VICTORIAN DIVISION, THE TAX INSTITUTE
Changes in business taxation have accelerated and multiplied since the establishment of the Ralph Review. Amendments made to the legislation affect the ability of companies to carry forward losses, even losses incurred many years ago. Other provisions, which seek to deal with the duplication of losses, could apply where assets are sold between related entities. This paper explains which changes are already effective and which will apply from 1 July, 2000.