• Carry forward of foreign losses by companies

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    An overall foreign loss for a class of assessable foreign income may be carried forward indefinitely and used to reduce a future year's assessable foreign income for that class.

    Losses incurred by a company before the 1990-91 income year can be carried forward only for seven years and are therefore no longer available.

    Last modified: 05 Dec 2006QC 18000