Recouping Tax Losses: Understanding Rules and Applications

Learn how companies and trusts can carry forward tax losses, navigate loss tests, and avoid common pitfalls in practice.

In this session, we cover:

• The Continuity of Ownership Test, and why family trust elections are important for trustee shareholders

• What is the same business and how does it differ from a substantially similar business when applying the Business Continuity Test

• Why your unit trust may not be a fixed trust and what that means for loss utilisation

• The tests applicable to fixed and non-fixed trusts

• Family trust elections