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Jane Wu LLB ACA
- 3 min
Losses? The enhanced carry back could net you a tax refund
Take advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various options are available to obtain relief for that loss. The challenge is to make the best use of the loss. To help loss-making businesses, legislation will be introduced to increase temporarily the period for which a business can carry back a loss from one year to three years. The extended carry back is avai
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