The loss carry back, temporary full expensing and backing business investment – accelerated depreciation are measures designed to stimulate business investments and to help businesses recover from the economic effects of COVID-19.
We will be actively identifying tax schemes and arrangements that seek to artificially inflate or enable access to claims relating to these measures.
For more information on behaviours that attract our attention in relation to the stimulus measures, see Economic stimulus measures – compliance and integrity.
We identify schemes to inflate or access loss carry back, temporary full expensing and backing business investment.