Carrying forward company tax losses from the year ownership changes
Inland Revenue seeks comments on draft guidance saying a company may carry forward tax losses arising in the year it breaches ownership continuity, if the business continuity requirements are met.
- Closing date
- 27 November 2026
- Added to Civics
- 16 October 2026
- Source category
- Public service
- Source body
- Inland Revenue Department
- Last checked
- 18 October 2026
Closes in 40 days
Plain-English summary
Unpublished review draft. Inland Revenue is consulting on its interpretation of the existing business continuity rules. The paper's answer remains conditional on the statutory requirements; it does not establish that every company with an ownership change can carry forward its losses.
Why it matters
The draft addresses uncertainty about losses incurred in the same income year as an ownership continuity breach, rather than only losses from earlier years.
Clear guidance could help companies and advisers understand Inland Revenue's interpretation when planning ownership changes or assessing available losses.
Who may care
- Companies raising capital, changing shareholders or restructuring while carrying tax losses
- Tax professionals and business organisations concerned with the continuity rules
How to make a submission
- Read the draft question we've been asked document linked from the official consultation page.
- Email comments to public.consultation@ird.govt.nz by 27 November 2026, quoting PUB00535.
- Use the page's Email Feedback link to request a Word copy if needed. No closing time is stated on the page or cover.
Disclaimer
Civics.nz is an independent plain-English guide and is not an official government website. Always check the official source before making a submission.