
Mario G.
Haberfield, NSW
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I have tax losses from a previous business and about to set up a company with a new partner. Can I transfer the tax losses across to the new company?
Responses
nope.
if your losses are in another entity then they are stuck there. If your losses are personal (eg sole trader) then you can apply those losses to income you earn from your new business.
cheers
bc
Speak to your accountant before setting up the structure (maybe get advice from them on the structure as well).
Agree with BC above.