Carry back of losses: New rules for companies that make a loss will start in 2012-13. Tax losses incurred in 2012-13 can be carried back and a refund claimed against tax paid in 2011-12.
Australian Livestock & Rural Transporters Association
Representing hard-working road transport companies based in regional Australia
Carry back of losses: New rules for companies that make a loss will start in 2012-13. Tax losses incurred in 2012-13 can be carried back and a refund claimed against tax paid in 2011-12.