Corporate loss tax rules could be double edged sword

Menzies tax manager Natasha Spicer and tax director Lucy Mangan consider the impact of changes to the tax regime for corporate losses with the introduction of rules to curb corporate use of interest deductibility

New rules affecting the way that corporate losses can be utilised could be beneficial for many businesses, while potentially bringing challenges for some larger companies. In order to provide the right advice, accountants need to be aware of exactly how the changes will impact all of their clients – large and small.

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