{"Term":"Shareholder continuity","Definition":"\u003cp\u003eShareholder continuity refers to changes that have occurred to the number of shareholders and the nature of their shareholdings during the year. Continuity affects both tax losses brought forward from previous tax years and imputation credits.\n\u003c/p\u003e\n\u003cp\u003eFor a company to be able to carry its losses forward, at least 49% of shares should be held by the same shareholders through the continuity period (the year the loss was incurred through to the year it\u0027s offset). This is the shareholder continuity test.\u003c/p\u003e\n\u003cp\u003eFrom the 2020/2021 income year, a company may also be able to carry a loss forward if they meet the requirements for the business continuity test.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"/income-tax/income-tax-for-businesses-and-organisations/income-tax-for-companies/losses-for-companies/carrying-company-losses-forward/business-continuity-test\" class=\"quick-links-topic\"\u003eBusiness continuity test\u003c/a\u003e\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}