Private ruling: Same business test
Date of advice: 16 November 2018
Published: March 2019

Ruling: Q1: Will a company satisfy the same business test in section 165-13 of the Income Tax Assessment Act 1997 in respect of carried forward tax losses in the event that, during a same business test period, certain contracts are entered into? | A1: Yes



Reasons for decision: Summary: Having regard to the facts and circumstances of the company’s business, and Taxation Ruling TR 1999/9 Income tax: the operation of sections 165-13 and 165-210, paragraph 165-35(b), section 165-126 and section 165-132 , the company will satisfy the same business test in section 165-13 of the Income Tax Assessment Act 1997 .