Business reorganisation loss carry-forward permits successor entities to use predecessor tax attributes, subject to conditions and original limitation periods.

Specified business reorganisations allow a successor company or successor limited liability partnership to carry forward and set off the predecessor's accumulated business losses and unabsorbed depreciation, subject to applicable reorganisation conditions. Continued compliance is required; any loss or depreciation previously set off becomes deemed income of the successor in the year of breach. Transferred business losses remain available only for the balance of the original eight-tax-year carry-forward period, measured from the year in which the predecessor first computed the loss.

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