Show download pdf controls
  • Losses schedule

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The Losses schedule 2010, and where relevant the CGT schedule, have replaced most of the labels relating to losses in previous tax returns. Transfer totals of the amounts at part A of the Losses schedule 2010 to U Tax losses carried forward to later income years item 13 and V Net capital losses carried forward to later income years item 13 of the tax return.

    Complete and attach a Losses schedule 2010 if:

    • the total of the fund's tax losses and net capital losses carried forward to the 2010-11 income year is greater than $100,000
    • the fund has convertible foreign losses
    • the fund has an interest in a CFC that has convertible CFC losses
    • the fund has an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.

    If, under the above criteria, you need to complete a Losses schedule 2010, you may also need to complete a CGT schedule.

    Find out about:

    Last modified: 13 Feb 2019QC 22855