Jun 29, 2012 – 3. 3.7 Same business test. This test determines if a company continues to carry on the same trade or business for which capital allowances are given when carrying forward or back the unabsorbed capital allowances. The test is satisfied if the same trade or business is continued. 3.8 Shareholding test.

May 26, 2014 – (a) Same business test. 6.2 To qualify for carry-back relief, you must satisfy the same business test. This means that you will not be able to carry back the unabsorbed. CA granted for the first basis period that you commenced a trade, business or profession. However, you can carry back the trade loss.

Sep 30, 2013 – While this test excludes activities carried out for pleasure and social enjoyment without consideration, it does not prevent activities which are carried on without profit motive from being treated as business activities. (b) Whether the activities are actively pursued with reasonable and recognisable continuity.

Mar 1, 2014 – carried forward from previous YA regardless of the business continuity test. But if you are a company, you have to satisfy the shareholding test to get a deduction. (b) Transfer of unabsorbed CA, IBA, Trade Losses or Donations. 9.5 As a partner of a LLP, you may transfer your current year unabsorbed.

Jan 20, 2010 – surviving amalgamated company) of its unabsorbed capital allowances, losses and donations (hereinafter collectively known as “unabsorbed tax loss items”) will continue to be governed by the shareholding test as well as the business continuity test for capital allowances (“CA”) and the 5-year carried.

Jan 23, 2009 – trade, business, profession or vocation, including individuals who are sole- proprietors or partners of a partnership. All other conditions in relation to the. CBR system, including the shareholding test2 (for companies) and business continuity test as provided in section 37E and IRAS' circular on “Carry-back.