Miscellaneous 2022

Pass go and collect $200 - How to pass the aggregated turnover test and access tax savings

Source: New South Wales

Published Date: 19 May 2022

 

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It seems that many of Australia's recent tax changes (and incentives) will limit the aggregated turnover test's application to taxpayers below a certain aggregated turnover.

In this session we explore:

  • What is aggregated turnover, including the meaning of connected and associated entities
  • What aggregated turnover thresholds apply to recent tax changes, including the loss carry back rules
  • What a taxpayer should consider at year end to utilise the loss carry back rules

Individual Session

Pass go and collect $200 - How to pass the aggregated turnover test and access tax savings

Author(s): Marcus Polovineo , Lauren Whelan

Details

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2022

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