Published on 10 Oct 00
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Where a taxpayer incurs a loss in a year of income the taxpayer may generally carry forward the loss for deduction in a later year of income. In the case of companies with tax losses, there are tests to be met before deductibility of the loss in a subsequent year is allowed. This paper outlines these tests.
- Current at
19 November 2004