If you ask AI general question about carrying forward tax losses...

If you ask AI general question about carrying forward tax losses after writing down value of a business you get the following answer.

The Australian Taxation Office (ATO) allows companies to:
1. Claim tax losses against future taxable income (Section 36-15, Income Tax Assessment Act 1997).
2. Carry forward tax losses indefinitely (no time limit).
3. Use losses to offset future capital gains.

However:
1. Continuity of ownership test: More than 50% of shares must be owned by same entities or persons to maintain loss carry-forward (Section 165-12).
2. Same business test: Company must carry on same business or similar business to claim losses (Section 165-13).
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The write down of Dargues would have been a capital loss (ie a capital gains tax loss) and this can only be offset against a capital gain. Guess ami feel uncertain whether they will ever have large capital gain to offset the cap loss so it is not shown as carried forward tax loss.