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