Successful Private Ruling on Tax Losses

GENERAL
Mon, Nov 28 2022 12:32 pm

28 November 2022

[email protected]

Successful Private Ruling on Tax Losses

Allied Farmers Limited (“Allied Farmers” NZX: ALF) is pleased to advise that it has obtained a Private Ruling from Inland Revenue under s 91E of the Tax Administration Act 1994 that will result in a significant increase in the tax losses currently available to the Allied Farmers Group.

Allied Farmers Group tax losses were reported as at 30 June 2022 at $36,288,403.

Allied Farmers will provide a further update on the quantum of these additional losses once final assessments have been received and confirmed.

The ability to utilise the tax losses is dependent on continuing to meet shareholder continuity requirements of prevailing income tax legislation.

On behalf of the Board,

Chris Swasbrook
Chairman


Announcement PDF


Markets News

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral