Allied Farmers Limited has successfully obtained a Private Ruling from Inland Revenue which is expected to result in a significant increase in the tax losses available to the Allied Farmers Group.

The amount of available tax losses at 30 June 2022 is expected to increase from $36.3 million to $189.8 million.

The ability to use the tax losses is dependent on meeting the shareholder continuity requirements of prevailing income tax legislation.

See more