Loss relief: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT syllabus.) |
imported>Doug Williamson (Update.) |
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''Tax.'' | ''Tax.'' | ||
Tax benefits to a taxpayer arising from having made losses. | |||
For example, an entitlement to offset tax losses against other taxable profits, to reduce the amount of tax payable. | For example, an entitlement to offset tax losses against other taxable profits, to reduce the amount of tax payable. | ||
Revision as of 22:31, 18 November 2016
Tax.
Tax benefits to a taxpayer arising from having made losses.
For example, an entitlement to offset tax losses against other taxable profits, to reduce the amount of tax payable.
