Hi All,
Just so everyone on here understands, if the continuity of ownership fails, as long as the same business test can be applied, tax losses can be used by the acquiring entity providing that the same business test can be applied for 12 months after the acquisition.
This would not be an issue for either Gina or Twiggy.
Please be careful what you read team.
Cheers
https://treasury.gov.au/publication...tment-of-losses/chapter-4-loss-carry-forward/
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