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Non-commercial losses

See how you may be able to offset your business loss against other income if you're a sole trader or in a partnership.

See how you may be able to offset your business loss against other income if you're a sole trader or in a partnership.

To offset your non-commercial loss you must meet the income requirement.

To be able to offset your business loss against other income, you and your business need to meet the pre-requisites.

Explains the income requirement, assessable income test, profits test, real property test and other assets test.

How deferring deduct your business activity loss in the current year because of the non-commercial loss rules works.

If you have exempt income, you generally must reduce your losses by that amount.

Detailed information about non-commercial losses.

QC33774