A Run-Down of the New Loss Carry Back Measure
The last Federal Budget carried with it a number of tax changes (such as loss carry back rules) that were designed to assist the Australian economy recover from the impact of the COVID-19 pandemic.
The last Federal Budget carried with it a number of tax changes (such as loss carry back rules) that were designed to assist the Australian economy recover from the impact of the COVID-19 pandemic.
The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is temporary.
Federal Budget 2020-21
1. BUSINESS
2. R&D TAX INCENTIVE
3. TEMPORARY LOSS CARRY-BACK
4. SUPERANNUATION
5. HOUSING
6. EMPLOYMENT AND TRAINING
7. MANUFACTURING
8. ENVIRONMENT
9. HEALTH AND FAMILIES
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