Section E: Losses

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

This section deals with all losses claimed for the 2012–13 income year. Do not show cents for any amount you write at this section on the fund tax return.

Complete a Losses schedule 2013 and attach it to the tax return if the fund has:

• total tax losses and net capital losses carried forward to the 2013–14 income year greater than $100,000
• foreign loss component of tax losses deducted in the 2012–13 income year or carried forward to later income years
• an interest in a controlled foreign company (CFC) that has current year CFC losses greater than $100,000.
• an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.