ATO Confirms Passage of New Loss Carry Back Rules

The Australian Taxation Office has issued a notice confirming the passage of the new loss carry back tax offset. As previously reported, loss carry back rules were approved as part of the Treasury Laws Amendment (Tax Reform No. 2) Act 2026.

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Tax loss carry back law now passed

Eligible corporate tax entities can claim a refundable tax offset in 2026–27 tax returns to help with their cashflow.

The reintroduction of the loss carry back tax offset that was announced by the Australian Go…