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Profits to set against a loss against in the same tax year ?
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I am not an Tax Expert but as per my understanding, one can adjust losses against profit within 7 years.
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So in Future(17 onwards), Santos Profit will Surge as they have already taken hit on losses big way as their oil and has assets and revenue appreciates.
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.. Hope some Tax Experts can comment on it.
... Profits to set against a loss against in the same tax year ?...
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