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Auditsure(Initiate)Initiate
31 July 2024

If a company has made significant income tax losses and then decides to start a new type of business in the company, with no change in ownership, can the income tax losses be used against this new source of income even though the two businesses in the company are very different?

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2 replies
209 views
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Bruce4Tax(Taxicorn)Taxicorn
1 Aug 2024

no change in ownership,


Means losses can still be claimed


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