The Australian Taxation Office (ATO) has issued guidance on claiming loss carry back for early balancers and claims for partial years.
---
Loss carry back – 2020–21 early balancer substituted accounting period or lodging a company tax return for part year
Eligible corporate entities who have an early balancer substituted accounting period (SAP) or who need to lodge a company tax return for a part year for 2020–21 income year can claim the loss carry back tax offset by:
- completing the Lo…