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  Miscellaneous 2021

Common issues and pitfalls in tax loss preservation and loss carry back

Source: National

Published Date: 18 Oct 2021

 

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This paper covers:

  • Applying loss carry back " the do's and don'ts " and what we have learned in the first 4 months
  • Continuity of ownership issues
  • The same or similar business test and
  • Practical planning opportunities and problems (including whether claiming full expensing and then using loss carry back is an acceptable approach).
  • Aggregated turnover test
  • Board of Taxation review went into detail on this topic, nothing eventuated but it still referred to it.
Author(s)

Individual Session

Common issues and pitfalls in tax loss preservation and loss carry back

Author(s): David W Marks KC CTA
Materials from this session:

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Details

  • Published By: David W Marks KC CTA
  • Published On:18 Oct 2021
  • Took place at:MCED, Melbourne & Online

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Miscellaneous 2021

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