• Losses schedule

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    Use the Losses schedule 2014, to show detailed information on losses when required to do so. Transfer totals of the amounts at part A of the Losses schedule 2014 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 2014 if:

    • the total of the fund’s tax losses and net capital losses carried forward to the 2014–15 income year is greater than $100,000
    • the fund has an interest in a CFC that has current year CFC losses greater than $100,000
    • 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 you need to complete a Losses schedule 2014, you may also need to complete a CGT schedule.

    Last modified: 05 Nov 2014QC 40267