Below is a PLAIN SPEAK table & summary of the new “Carried Back” Losses as announced in the Federal Government’s 2020 Budget on 6th October 2020.
“Carried Back” Taxable Loss Refund opportunities – until 30 June 2022
Franking Account Deficit?
If you would like to know more, the Government Fact sheet link here has excellent explanation with examples (see pages 9-12) https://budget.gov.au/2020-21/content/factsheets/download/tax_fact-sheet.pdf
Mark O’Donoghue, Founder & CEO Finlease
Finlease home page
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