re: Ann: Request from members to hold a gener... hi Daleg,could...

re: Ann: Request from members to hold a gener... hi Daleg,

could you clarify if they do continue the entity and can use the tax losses, does this mean that ALL income i.e. interest and divs would be tax free, up to the 100 mil or so, or does it depend on income type i.e. interest, div, capital gain etc?

do they have to apply to the ATO for recognition of tax losses ? does this take a long time? how do they establish the continuity test?

much appreciate your input on this one, interesting.