Section E: Losses

This section deals with all losses claimed for 2015–16. Do not show cents for any amount you write at this section on the fund tax return.

Complete a Losses schedule 2016 and attach it to the tax return if the fund has:

  • a combined total for tax losses and net capital losses carried forward to 2016–17 of greater than $100,000,
  • an interest in a controlled foreign company (CFC) that has current year CFC losses greater than $100,000, or
  • an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.
Last modified: 15 Jul 2016QC 48112