Private ruling: New transactions test - company losses
Date of advice: 30 July 2021
Published: October 2021

Ruling: Date of advice: 30 July 2021 | Ruling | The Commissioner issued a private ruling on the application of the new transactions test in paragraph 165-210(2)(b) of the Income Tax Assessment Act 1997 (one of the negative limbs of the business continuity test) in relation to a transaction involving the disposal of land.