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Merko Pty Ltd ( Merko ) is a resident company that was established on 1 July 2 0 2 0 . Merko has provided the
Merko Pty Ltd Merko is a resident company that was established on July Merko has provided the following
information about its shareholders and taxable income or loss for three income years:
I
All changes in ownership occurred on July of the relevant income year. Assume that Merko does not satisfy the
business continuity test.
Required
Advise Merko whether it can offset the tax losses it carried forward from the income years ended June
and against its taxable income in the income year ended June
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